Stock price when the opinion was issued
With rates coming down, bonds are seemingly back in favour. He likes shorter- to medium- (7-10 years) duration bonds. This ETF follows that strategy. You'll see some performance if rates continue to move lower. Decent yield of 3.6+%.
If you want something without duration risk, you could look at shorter-term bonds with a floating rate. Shorter-term yields are higher than long at this point. But you won't get that lift if bond yields come down.
Canadian benchmark bond ETF. About 30% corporate bond exposure. Very cheap. Largest fixed income ETF in Canada now. 7-year average duration, so a better opportunity now than 1-2 years ago. Works for portfolio ballast. He recommends "barbelling" it in with some shorter-term fixed income exposure ETFs such as CASH or ZMMK.
74% government bonds in Canada, rest in investment-grade corporate. Likes bonds at this stage, with interest rates calming and starting to come down. There will be small upticks pushing down the price of bonds, but up 6.6% in last 3 months. With yield plus potential for capital appreciation, makes sense to have as core part of your portfolio. Yield is 3.5%.
(A Top Pick June 3/16. Up 1.36%.) When looking for yield in the summer, you want to shy away from the cyclical sector, and go towards these defensive assets. Fixed income products tend to do well. From May through to September/October, bonds tend to do well.