BANK-T vs. ZUB-T. Exposure to US or International banks. The yield curve is telling us we are headed toward a recession 6 to 18 months out. The yield curve is flattening so banks’ net interest margins will not improve. He does not want to chase them here.
Leveraged product, can be risky.
Active strategy that results in 14% yield.
.68% MER.
Would be hesitant given high yield.