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BMO Aggregate Bond Index ETF (ZAG $13.68)
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iShares 1-5 Year Laddered Government Bond Index ETF (CLF $17.46)
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iShares Diversified Monthly Income ETF (XTR $11.37)
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iShares Interest Rate Hedged High Yield Bond ETF (HYGH $86.33)
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PH&N High Yield Bond Fund Series D (PHN280 $11.60)
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RBC $U.S. High Yield Bond Fund Series F (RBF683 $8.86)
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Mackenzie North American Corporate Bond Fund I (MFC4854 $8.44)
Q: I have money parked in a GIC that will expire very soon. Needless to say that the current rate isn't good enough and I'm looking for a higher return without too much risk. As a replacement of my GIC, can you suggest 4 or 5 mutual funds (bond oriented or others - I am open !) that I can rely on for an "adequate" yield ? I am not looking for an homerun with bases loaded. I would be satisfied with a yield of 4-5 % approx. per year. I am not a fan of mutual funds showing yields that vary a lot year after year.
I really appreciate your excellent services !
I really appreciate your excellent services !