Opinions
Larry Berman CFA, CMT, CTA
First Asset Canadian Convertible Bond ETF
CXF-T
WAIT
Jun 25, 2018
$9.820
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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BUY
Convertible bonds give some leverage to upside. From that perspective, it is an interesting play. You need to be careful because it is not a fixed income but a play on the equity market. A great tool if you understand where convertibles can fit into your portfolio. You need to be bullish on equities.
E.T.F.'s
He likes convertible bonds. A company issues it so they don’t have to pay too much yield on the bond by issuing it into the regular market. You get upside potential with a convertible bond. He likes it from time to time but not in a rising rate environment.