Opinions
Daniel Straus
BMO Discount Bond Index ETF.
ZDB-T
TOP PICK
Dec 01, 2022
Gives you exposure to bonds that have lower coupons and lower prices. Over time it delivers the same type of aggregate bond exposure in a slightly more tax-efficient way. One of the cheapest bond ETFs in Canada at 10 bps. Can use it as core allocation for fixed income. If you're not happy with the long duration, BMO has a short-term version as well.
$14.660
Stock price when the opinion was issued
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These are discount bonds. They trade at a coupon price less than the current yield. They are much more tax efficient but you get less coupon. It makes sense in a taxable account. This is the most tax–efficient way to play the Canadian bond market although the government is looking at it and there may be changes coming.
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