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iShares Core Canadian Short Term Bond Index ETF (XSB $26.98)
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iShares Core Canadian Universe Bond Index ETF (XBB $28.14)
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BMO Money Market Fund (ZMMK $49.88)
Q: Hello,
For bond (in CAD) exposure and relatively safe income exposure: is owning both BMO Money Market Fund (ZMMK) and Purpose Global Bond EFT a way to go? Or do you prefer one over the other? Or other alternatives?
Thanks
Dave
For bond (in CAD) exposure and relatively safe income exposure: is owning both BMO Money Market Fund (ZMMK) and Purpose Global Bond EFT a way to go? Or do you prefer one over the other? Or other alternatives?
Thanks
Dave
5i Research Answer:
We would be comfortable with this set up. ZMMK is very secure and stable. Any bond fund will have some volatility, and interntional funds add some currency volatility as well. But for general fixed income exposure we would be comfortable. We might add a general Canadian fund such as XBB or XSB (short term) for a bit better balance.