iShares DEX Universe Bond ETF

XBB-T

Analysis and Opinions about XBB-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 14, 2019
(A Top Pick Jun 07/19, Up 6%) We have resistance below $110 where we are today. He believes in a long term secular thesis for healthcare. If you can get it when it tanks a bit and then hold it for a long time that is better. You want to hold this sector.
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(A Top Pick Jun 07/19, Up 6%) We have resistance below $110 where we are today. He believes in a long term secular thesis for healthcare. If you can get it when it tanks a bit and then hold it for a long time that is better. You want to hold this sector.
BUY
BUY
November 4, 2019

A universal bond ETF for Canada? If you want an ETF that gives you a cross-section of Canadian bonds, then buy XBB-T. If you want something more global, then Google "global bond ETF" which you can buy and hold long-term.

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A universal bond ETF for Canada? If you want an ETF that gives you a cross-section of Canadian bonds, then buy XBB-T. If you want something more global, then Google "global bond ETF" which you can buy and hold long-term.

BUY
BUY
June 12, 2019

HED-T Active managers don't beat bond indexes, net of fees. But he likes XBB which offers the a straight, simple Canadian bond universe and is cheap; it'll perform just as well as an actively managed bond index.

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HED-T Active managers don't beat bond indexes, net of fees. But he likes XBB which offers the a straight, simple Canadian bond universe and is cheap; it'll perform just as well as an actively managed bond index.

DON'T BUY
DON'T BUY
January 31, 2019
Canada is lagging the US in interest increases. He expect the Bank of Canada to raise over the next couple of years at least 4 more times. In that scenario a regular bond ETF wont perform well. The only are where they see value in FI is in the High yield space.
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Canada is lagging the US in interest increases. He expect the Bank of Canada to raise over the next couple of years at least 4 more times. In that scenario a regular bond ETF wont perform well. The only are where they see value in FI is in the High yield space.
WATCH
WATCH
October 16, 2017

The broad Canadian bond market. The interest rate risk on the broader market is at 7 which mean if we see a 100 basis point increase in interest rates, you will lose about 7% in terms of capital. It is not time to step in yet. If interest rates went up 25 basis points then it would be time to move in. Don’t extend duration until interest rates go up a little but.

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The broad Canadian bond market. The interest rate risk on the broader market is at 7 which mean if we see a 100 basis point increase in interest rates, you will lose about 7% in terms of capital. It is not time to step in yet. If interest rates went up 25 basis points then it would be time to move in. Don’t extend duration until interest rates go up a little but.

HOLD
HOLD
August 4, 2016

Continue Exposure to XBB-T? Everyone is disappointed in the return on bonds. The XBB-T is a mid-term bond ETF. The return is low but that does not mean you should be piling into equities. You are adding to risk if you don’t have this exposure. If you sell, then buy some money market.

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Continue Exposure to XBB-T? Everyone is disappointed in the return on bonds. The XBB-T is a mid-term bond ETF. The return is low but that does not mean you should be piling into equities. You are adding to risk if you don’t have this exposure. If you sell, then buy some money market.

John Hood

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Price
$32.500
Owned
Unknown
BUY
BUY
November 30, 2015

The entire Canadian bond world. You should not pay active management fees for fixed income because active managers cannot make a big enough difference to make their fee.

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The entire Canadian bond world. You should not pay active management fees for fixed income because active managers cannot make a big enough difference to make their fee.

COMMENT
COMMENT
May 5, 2014

Interest Rates. Entire Canadian bond market. There is a scarcity of 10 years bonds and higher in the US market. For the foreseeable future, the long end of the curve should stay well anchored unless we see inflation pressures, which we shouldn’t. The trend is still up, even though we had a high in 2012/13. It is a place to invest and diversify in your portfolio if you are negative on the outlook on stocks.

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Interest Rates. Entire Canadian bond market. There is a scarcity of 10 years bonds and higher in the US market. For the foreseeable future, the long end of the curve should stay well anchored unless we see inflation pressures, which we shouldn’t. The trend is still up, even though we had a high in 2012/13. It is a place to invest and diversify in your portfolio if you are negative on the outlook on stocks.

BUY
BUY
February 24, 2014

To buy the Canadian bond market. Government and corporate. Also, likes XHY for high yield, although it is non-investment grade corporate.

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To buy the Canadian bond market. Government and corporate. Also, likes XHY for high yield, although it is non-investment grade corporate.

Joey Mack

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Price
$30.480
Owned
Unknown
COMMENT
COMMENT
February 6, 2014

iShares DEX Universe Bond (XBB-T) or iShares 1-5yr Laddered Corp Bond Fund (CBO-T) for the best long-term hold? These are 2 very different things. The XBB would have lost you money. It is two thirds government and one third corporate. Has about 750 names and would’ve lost about 1.5% last year with a yield of about 3%. The CBO is short in duration with a yield of around 4% and the duration of about 3 with about 45 names in it. It is laddered 1 to 5 years and this is his preference if you must be in bonds.

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iShares DEX Universe Bond (XBB-T) or iShares 1-5yr Laddered Corp Bond Fund (CBO-T) for the best long-term hold? These are 2 very different things. The XBB would have lost you money. It is two thirds government and one third corporate. Has about 750 names and would’ve lost about 1.5% last year with a yield of about 3%. The CBO is short in duration with a yield of around 4% and the duration of about 3 with about 45 names in it. It is laddered 1 to 5 years and this is his preference if you must be in bonds.

COMMENT
COMMENT
January 31, 2014

His opinion depends on the duration. Prefers to keep his duration very short. Just go to any of the index providers and the ETF Facts page will tell you the yield to maturity as well as the duration of the portfolio. The other important thing with bonds is to make sure of what is the stated yield on the bond and look at what is the yield to maturity. If there is a substantial difference, and the yield to maturity is that much less than the bond, either it’s a longer duration or they paid a premium price for some those bonds.

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His opinion depends on the duration. Prefers to keep his duration very short. Just go to any of the index providers and the ETF Facts page will tell you the yield to maturity as well as the duration of the portfolio. The other important thing with bonds is to make sure of what is the stated yield on the bond and look at what is the yield to maturity. If there is a substantial difference, and the yield to maturity is that much less than the bond, either it’s a longer duration or they paid a premium price for some those bonds.

John Hood

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Price
$30.600
Owned
Unknown
COMMENT
COMMENT
January 14, 2014

This is the Bond Universe, the key benchmark for fixed income institutionally. He owns this but has been slowly switching part of it to iShares DEX Short-Term Bond (XSB-T) because he is expecting interest rates to be moving up. If the bond market continues to rally like it is, he might pick up the pace.

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This is the Bond Universe, the key benchmark for fixed income institutionally. He owns this but has been slowly switching part of it to iShares DEX Short-Term Bond (XSB-T) because he is expecting interest rates to be moving up. If the bond market continues to rally like it is, he might pick up the pace.

BUY
BUY
July 4, 2012
If you only want to hold one fixed income investment, this is probably on the short list of one you want to own. Basically it just buys the Cdn bond market. It will give you market (less fees) returns. Great place to build a core position in and then you could look to add around this in the preferred or high yield space.
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If you only want to hold one fixed income investment, this is probably on the short list of one you want to own. Basically it just buys the Cdn bond market. It will give you market (less fees) returns. Great place to build a core position in and then you could look to add around this in the preferred or high yield space.
Joey Mack

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Price
$31.510
Owned
Unknown
COMMENT
COMMENT
December 22, 2011
DEX Universe Bond ETF. It’s around 65% government and 35% corporate. Likes this, but he tends to look at the DEX Short Term Bond ETF (XSB-T) right now because the duration is shorter. It's about 2.7 years as opposed to 4.5 years on the XBB. This is important, because if rates start to go up you don't want to have longer-term bonds.
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DEX Universe Bond ETF. It’s around 65% government and 35% corporate. Likes this, but he tends to look at the DEX Short Term Bond ETF (XSB-T) right now because the duration is shorter. It's about 2.7 years as opposed to 4.5 years on the XBB. This is important, because if rates start to go up you don't want to have longer-term bonds.
John Hood

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Price
$31.550
Owned
Unknown
COMMENT
COMMENT
November 28, 2011
DEX Universe Bond ETF. With this ETF, you get every bond, which is about 1100 including government, provincials and corporate. Believes its duration is long so if interest rates rise, it would be affected adversely. This fund has done fairly well. He would prefer a corporate bond ETF.
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DEX Universe Bond ETF. With this ETF, you get every bond, which is about 1100 including government, provincials and corporate. Believes its duration is long so if interest rates rise, it would be affected adversely. This fund has done fairly well. He would prefer a corporate bond ETF.
PAST TOP PICK
PAST TOP PICK
August 2, 2011
(A Top Pick July 19/10. Up 6.59%.) Still likes but has been moving into the Corporate Bond ETF (HAB-T).
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(A Top Pick July 19/10. Up 6.59%.) Still likes but has been moving into the Corporate Bond ETF (HAB-T).
DON'T BUY
DON'T BUY
July 5, 2011
Government bond index. He thinks if you are going to use them you should use a broader based one. Prefers high yield or corporate broader basted.
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Government bond index. He thinks if you are going to use them you should use a broader based one. Prefers high yield or corporate broader basted.
WEAK BUY
WEAK BUY
November 16, 2010
Tracks the Canadian Bond universe. If you are a passive investor and want exposure to the bond market, it is not a bad place to invest, however the risk is that you are going to get the return of the bond index. He thinks you want to get more than the index. Return is dragged down by very short term bonds that don’t have much upside potential.
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Tracks the Canadian Bond universe. If you are a passive investor and want exposure to the bond market, it is not a bad place to invest, however the risk is that you are going to get the return of the bond index. He thinks you want to get more than the index. Return is dragged down by very short term bonds that don’t have much upside potential.
TOP PICK
TOP PICK
August 26, 2010
Universal Canadian bond fund. Rather than holding money in cash or bankers acceptances that are paying less than .05%, this one yields about 3.9%. When interest rates start to rise, you might not want to be in this one.
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Universal Canadian bond fund. Rather than holding money in cash or bankers acceptances that are paying less than .05%, this one yields about 3.9%. When interest rates start to rise, you might not want to be in this one.
COMMENT
COMMENT
July 21, 2010
Cdn Bond Market ETF. Price should hold up relatively well as he doesn't think interest rates will rise in the next 12 months. Not a fan of ETF’s, as he prefers individual bonds.
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Cdn Bond Market ETF. Price should hold up relatively well as he doesn't think interest rates will rise in the next 12 months. Not a fan of ETF’s, as he prefers individual bonds.
TOP PICK
TOP PICK
July 19, 2010
Cdn bond market ETF. Barclays run this and they have $1.4 billion with 236 individual government bonds. For retail investors, individual bonds are hard to buy in small quantities without getting killed on the spread. 4.3% yield. If interest rates go up, this won't perform that well but if there is deflation, this is a holding action.
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Cdn bond market ETF. Barclays run this and they have $1.4 billion with 236 individual government bonds. For retail investors, individual bonds are hard to buy in small quantities without getting killed on the spread. 4.3% yield. If interest rates go up, this won't perform that well but if there is deflation, this is a holding action.
COMMENT
COMMENT
July 19, 2010
Cdn Bond Market ETF. Not expecting interest rates to rise significantly next year but bond market has already priced this in. This ETF is up about 4% this year but doesn't expect the bond index to rally more than 1%-2% in the next 6 months.
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Cdn Bond Market ETF. Not expecting interest rates to rise significantly next year but bond market has already priced this in. This ETF is up about 4% this year but doesn't expect the bond index to rally more than 1%-2% in the next 6 months.
COMMENT
COMMENT
July 7, 2010
Canadian bond market ETF with a duration of about 5 years. For conservative investors.
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Canadian bond market ETF with a duration of about 5 years. For conservative investors.
DON'T BUY
DON'T BUY
March 11, 2010
Doesn't like this because you are buying the index and if you believe rates are going to rise, you want an actively managed portfolio. You don't want to hold anything in the 1-5 year area, which make up almost half this index.
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Doesn't like this because you are buying the index and if you believe rates are going to rise, you want an actively managed portfolio. You don't want to hold anything in the 1-5 year area, which make up almost half this index.
DON'T BUY
DON'T BUY
March 4, 2010
Converted his XBBs into XSBs because of duration and the specter of higher interest rates.. It’s a good product, but not right now.
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Converted his XBBs into XSBs because of duration and the specter of higher interest rates.. It’s a good product, but not right now.
COMMENT
COMMENT
December 22, 2009
Cdn Bond Market ETF. A good fund but would prefer the Cdn Corp Bond ETF (XCB-T). 74% of this one is government bonds and he would prefer corporates looking out to 2010.
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Cdn Bond Market ETF. A good fund but would prefer the Cdn Corp Bond ETF (XCB-T). 74% of this one is government bonds and he would prefer corporates looking out to 2010.
HOLD
HOLD
October 30, 2009
Universe of every bond issued. There are about 2000 different bond issues from 1 day to 30 years so you own the bond market itself. Good news is low fees and no guesswork. Bad news is you don't know what is going to be worth when you retire giving uncertainty. You can plan your portfolio with a laddered approach in the meantime this is not going to hurt you.
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Universe of every bond issued. There are about 2000 different bond issues from 1 day to 30 years so you own the bond market itself. Good news is low fees and no guesswork. Bad news is you don't know what is going to be worth when you retire giving uncertainty. You can plan your portfolio with a laddered approach in the meantime this is not going to hurt you.
BUY
BUY
October 19, 2009
One stop shop in fixed income space. For a long-term investor in bonds this is the ETF to get. Looking at 12 months. Don’t get much beyond 2 years for an active trader.
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One stop shop in fixed income space. For a long-term investor in bonds this is the ETF to get. Looking at 12 months. Don’t get much beyond 2 years for an active trader.
Joey Mack

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Price
$29.410
Owned
Unknown
BUY
BUY
October 9, 2009
Prevents you having to worry about what bonds your broker has in inventory.
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Prevents you having to worry about what bonds your broker has in inventory.
COMMENT
COMMENT
October 5, 2009
iUnits Cdn Bond Market. A great bond exposure index. At some point over the next couple of years, interest rates will be higher so consider diversifying into shorter duration bonds and/or corporate or real return bonds.
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iUnits Cdn Bond Market. A great bond exposure index. At some point over the next couple of years, interest rates will be higher so consider diversifying into shorter duration bonds and/or corporate or real return bonds.
Som Seif

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Price
$29.710
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 4, 2009
(A Top Pick Aug 12/08. Up 5.7%.) Doesn't like this instrument right now, as the Canadian market doesn't give the liquidity that he needs. He changed to strip bonds instead.
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(A Top Pick Aug 12/08. Up 5.7%.) Doesn't like this instrument right now, as the Canadian market doesn't give the liquidity that he needs. He changed to strip bonds instead.
COMMENT
COMMENT
August 4, 2009
Fixed income fund so advantage is lower volatility and lower management fees. On the other hand, there could be a fun that is actively managed and even though it has a higher MER it could be worthwhile.
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Fixed income fund so advantage is lower volatility and lower management fees. On the other hand, there could be a fun that is actively managed and even though it has a higher MER it could be worthwhile.
COMMENT
COMMENT
July 30, 2009
Government universe index. 30% corporate all investment-grade and 7% government with about a 3.5% yield. Consider going with a very strong fixed income active manager. (Such as our Expert.)
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Government universe index. 30% corporate all investment-grade and 7% government with about a 3.5% yield. Consider going with a very strong fixed income active manager. (Such as our Expert.)
BUY
BUY
June 24, 2009
Basically 50%-75% government securities. Balance is in investment-grade corporates. Looking at a 10-year timeframe, you need a core ETF and this is his favourite. If you want to be a little more aggressive you could look at the iShares Cdn Corp Bond ETF (XCB-T).
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Basically 50%-75% government securities. Balance is in investment-grade corporates. Looking at a 10-year timeframe, you need a core ETF and this is his favourite. If you want to be a little more aggressive you could look at the iShares Cdn Corp Bond ETF (XCB-T).
Joey Mack

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Price
$29.300
Owned
Unknown
HOLD
HOLD
May 5, 2009
Canadian bond index. Indexes have done very well last year and he thinks they will do well.
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Canadian bond index. Indexes have done very well last year and he thinks they will do well.
PAST TOP PICK
PAST TOP PICK
April 20, 2009
(Top Pick Aug 13/08, Up 4%) Bond market has had fits and starts. Volume was not there so sold it. Good little base was built. Hold it.
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(Top Pick Aug 13/08, Up 4%) Bond market has had fits and starts. Volume was not there so sold it. Good little base was built. Hold it.
COMMENT
COMMENT
March 27, 2009
Canadian Corporate Bond iShares (XCB-T) or Canadian Universal Bond iShares (XBB-T)? Prefers the corporate bond one because if the economy turns, he feels they would do a little bit better.
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Canadian Corporate Bond iShares (XCB-T) or Canadian Universal Bond iShares (XBB-T)? Prefers the corporate bond one because if the economy turns, he feels they would do a little bit better.
PAST TOP PICK
PAST TOP PICK
February 17, 2009
(A Top Pick Aug 12/08. Up 2.8%.) Would have liked it to reflect a bit more of what he had seen in the US bond market.
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(A Top Pick Aug 12/08. Up 2.8%.) Would have liked it to reflect a bit more of what he had seen in the US bond market.
BUY
BUY
January 30, 2009
A basket of the Scotia Bank bond index. Probably the best one for corporate bonds.
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A basket of the Scotia Bank bond index. Probably the best one for corporate bonds.
PAST TOP PICK
PAST TOP PICK
January 8, 2009
(A Top Pick Aug 12/08. Up 2%.) Didn't go up as much as the US bonds, probably because there is a smaller market in Canada.
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(A Top Pick Aug 12/08. Up 2%.) Didn't go up as much as the US bonds, probably because there is a smaller market in Canada.
PAST TOP PICK
PAST TOP PICK
October 8, 2008
(Top Pick Aug 12, 2008, Up 7%) It now poses too high of a risk and it broke support recently. Would prefer to sit in cash and earn money market rates.
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(Top Pick Aug 12, 2008, Up 7%) It now poses too high of a risk and it broke support recently. Would prefer to sit in cash and earn money market rates.