Opinions
Richard Orrell
BMO High Yield US Corporate Bond Index ETF
ZJK-T
Unspecified
Jan 20, 2025
$19.500
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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RISKY
Have seen an expansion in the spreads, which means the credit risk has caused the bonds to deteriorate in price. Second-largest high-yield ETF in Canada. MER is 61 bps. Acts more like equity because of the types of companies that tend to issue high-yield debt, but it has more yield too. While it is riskier, you have a better entry point here.
E.T.F.'s
It has a fixed distribution and is making up some of that by returning capital. He would stick with MFT in the same space.