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BMO Target 2027 Canadian Corporate Bond ETF (ZXCO $10.10)
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BMO Target 2028 Canadian Corporate Bond ETF (ZXCP $10.04)
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BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ $10.07)
Q: When I buy bonds for my fixed income allocation I always hold until maturity so that I know that I will get my money back plus yield to maturity interest. In the past I could not buy bond mutual funds or ETFs because the bonds were never held to maturity and therefore no guarantee of money back would result.
With the target maturity bond ETFs issued by most banks each ETF holds the bonds until maturity allowing me to ladder a bond portfolio just as if I was buying actual bonds.
What do you think of these securities?
Many thanks.
With the target maturity bond ETFs issued by most banks each ETF holds the bonds until maturity allowing me to ladder a bond portfolio just as if I was buying actual bonds.
What do you think of these securities?
Many thanks.
5i Research Answer:
We are very comfortable with these, but cannot endorse them until they have more in assets. All...