iShares Cdn Corp Bond ETF

XCB-T

Analysis and Opinions about XCB-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
May 15, 2018

Better than XBB? He's using the US investment-grade bond index from BMO (can't remember the ticker) rather than XCB. He owns the unhedged version. Buy the hedged one if you don't want to take the currency risk.

Better than XBB? He's using the US investment-grade bond index from BMO (can't remember the ticker) rather than XCB. He owns the unhedged version. Buy the hedged one if you don't want to take the currency risk.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$20.730
Owned
No
COMMENT
COMMENT
July 5, 2017

How will this and XGB be affected by a possible interest rate hike? He is not sure that if the Bank of Canada raises short rates, it will have a huge impact in Canada. The bigger question is what the Federal Reserve is going to do with their bond portfolio. If they start to focus on the longer part of the yield curve, that is going to be a negative for Canada. He would prefer corporates over governments and would hang on to this one, using XGB to go into another part of the market, such as a preferred share ETF, or look into the US market.

How will this and XGB be affected by a possible interest rate hike? He is not sure that if the Bank of Canada raises short rates, it will have a huge impact in Canada. The bigger question is what the Federal Reserve is going to do with their bond portfolio. If they start to focus on the longer part of the yield curve, that is going to be a negative for Canada. He would prefer corporates over governments and would hang on to this one, using XGB to go into another part of the market, such as a preferred share ETF, or look into the US market.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$21.470
Owned
Unknown
COMMENT
COMMENT
February 1, 2016

The average maturity of a corporate bond index would probably be 6-7 years. Doesn’t like the iShares product line, and prefers the laddered ETF’s to the street corporate bond ones. Nevertheless, corporate bond yields have widened out so far from government bonds, that he thinks there is going to be a very good compounding effect by owning corporate bonds from this point on, especially in the low inflation environment.

The average maturity of a corporate bond index would probably be 6-7 years. Doesn’t like the iShares product line, and prefers the laddered ETF’s to the street corporate bond ones. Nevertheless, corporate bond yields have widened out so far from government bonds, that he thinks there is going to be a very good compounding effect by owning corporate bonds from this point on, especially in the low inflation environment.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$21.090
Owned
Unknown
COMMENT
COMMENT
February 27, 2015

Corporate bond ETF’s. Corporate bonds are somewhat interest rate sensitive, so you want to watch where interest rates are going. When you look at long-term treasury yields, they are going to stay low for longer and he doesn’t see a substantial move in interest rates.

Corporate bond ETF’s. Corporate bonds are somewhat interest rate sensitive, so you want to watch where interest rates are going. When you look at long-term treasury yields, they are going to stay low for longer and he doesn’t see a substantial move in interest rates.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$22.150
Owned
Yes
COMMENT
COMMENT
September 4, 2014

Duration of this fund is just under 6 years. The risk is that it drops 6-12% over the next 2 years if rates rise.

Duration of this fund is just under 6 years. The risk is that it drops 6-12% over the next 2 years if rates rise.

Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$21.350
Owned
Unknown
SELL
SELL
May 26, 2014

Thinks interest rates on a 10 year bond will probably be close to 3% by year-end. He is not a believer that interest rates are going to explode at the back end and rise dramatically. Feels the demographics in the marketplace have put us into a position where people are starved for yield and are buying any kind of income instrument they can, including bonds. That huge demand for these kinds of products may actually suppress interest rates. Higher interest rates are good for banks and that is why he is in banks. He would switch from the XCB to iShares 1-5 yr laddered corporate bond fund (CBO-T). You are still in corporate bonds, but they are bonds that are callable within 5 years, so you are getting a very good yield, equal to what you are getting on the XCB and theoretically you are having a lower duration.

Thinks interest rates on a 10 year bond will probably be close to 3% by year-end. He is not a believer that interest rates are going to explode at the back end and rise dramatically. Feels the demographics in the marketplace have put us into a position where people are starved for yield and are buying any kind of income instrument they can, including bonds. That huge demand for these kinds of products may actually suppress interest rates. Higher interest rates are good for banks and that is why he is in banks. He would switch from the XCB to iShares 1-5 yr laddered corporate bond fund (CBO-T). You are still in corporate bonds, but they are bonds that are callable within 5 years, so you are getting a very good yield, equal to what you are getting on the XCB and theoretically you are having a lower duration.

Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$21.180
Owned
Unknown
BUY
BUY
October 15, 2013

They are relatively active with managing these things. They have managed the problem of bonds having to be bought at premium prices and then they mature at a loss. Likes this one. XSB-T is also good. They also had very little capital losses from maturing bonds.

They are relatively active with managing these things. They have managed the problem of bonds having to be bought at premium prices and then they mature at a loss. Likes this one. XSB-T is also good. They also had very little capital losses from maturing bonds.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$20.630
Owned
Unknown
COMMENT
COMMENT
July 4, 2013

What is the basic difference between the Horizons Active Corporation Bond (HAB-T) and iShares DEX All Corporate Bond (XCB-T) ETFs? He is more familiar with the XCB. He knows they are both fine. Doesn’t know enough about HAB to give you a real contrast. This one is Corporate bonds in Canada, so it is very broadly diversified. Reasonably low cost. He would feel that the one with a lower cost is the better product.

What is the basic difference between the Horizons Active Corporation Bond (HAB-T) and iShares DEX All Corporate Bond (XCB-T) ETFs? He is more familiar with the XCB. He knows they are both fine. Doesn’t know enough about HAB to give you a real contrast. This one is Corporate bonds in Canada, so it is very broadly diversified. Reasonably low cost. He would feel that the one with a lower cost is the better product.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$20.920
Owned
Unknown
DON'T BUY
DON'T BUY
December 12, 2012

This has had a great year and the units are up about 10%. Moving forward, you have to be ready for a different rate of return. Double-digit rates of return are not a realistic expectation for 2013. Feels corporate bonds will outperform treasury bonds but that would be 2%-3% in 2013.

This has had a great year and the units are up about 10%. Moving forward, you have to be ready for a different rate of return. Double-digit rates of return are not a realistic expectation for 2013. Feels corporate bonds will outperform treasury bonds but that would be 2%-3% in 2013.

Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$21.470
Owned
No
BUY
BUY
November 8, 2012

He generally prefers the ladder. XCB follows all corporate bonds that make up the benchmark. The various ladders from Claymore and BMO smooth out the returns but otherwise there is not much difference.

He generally prefers the ladder. XCB follows all corporate bonds that make up the benchmark. The various ladders from Claymore and BMO smooth out the returns but otherwise there is not much difference.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$21.510
Owned
Yes
BUY
BUY
October 16, 2012

He doesn't have any signal that rates are going higher so for the time being you will collect a nice yield from this. Thinks you will be okay for a while yet.

He doesn't have any signal that rates are going higher so for the time being you will collect a nice yield from this. Thinks you will be okay for a while yet.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$21.430
Owned
Yes
COMMENT
COMMENT
August 9, 2012

Has done very well. Will depend on where interest rates are going. These are high quality bonds and will act little bit closer to what long-term government bonds are going to do. If you are a believer that interest rates will remain low for some time, you get a good yield of around 3.8%-4%. If rates start to move up, then you have to be careful.

Has done very well. Will depend on where interest rates are going. These are high quality bonds and will act little bit closer to what long-term government bonds are going to do. If you are a believer that interest rates will remain low for some time, you get a good yield of around 3.8%-4%. If rates start to move up, then you have to be careful.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$21.310
Owned
Yes
BUY
BUY
August 2, 2012

This would be if you just want to just buy the bond market itself. Federal government, provincial government and corporate bonds all blended in. It will produce the average return of the bond market and is very safe. It will provide you decent income.

This would be if you just want to just buy the bond market itself. Federal government, provincial government and corporate bonds all blended in. It will produce the average return of the bond market and is very safe. It will provide you decent income.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$21.480
Owned
Unknown
BUY
BUY
July 23, 2012
A bond ETF that has a sort of mid-duration where you can pick up some yields over the treasuries.
A bond ETF that has a sort of mid-duration where you can pick up some yields over the treasuries.
Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$21.580
Owned
Unknown
BUY
BUY
July 4, 2012
Holds a basket of Cdn corporate bonds. This is the place you want to be in for the Cdn bond market. When rates rise, this will get hurt along with other ETFs but this should outperform as you have the extra yield cushion in it.
Holds a basket of Cdn corporate bonds. This is the place you want to be in for the Cdn bond market. When rates rise, this will get hurt along with other ETFs but this should outperform as you have the extra yield cushion in it.
Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$21.380
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 7, 2011
(A Top Pick July 12/10. Up 5.33%.) Cdn Corp Bond ETF.
(A Top Pick July 12/10. Up 5.33%.) Cdn Corp Bond ETF.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$20.590
Owned
No
COMMENT
COMMENT
January 28, 2011
Cdn Corp Bond ETF. A good product but he would go on their website and have a look at the duration and if it is anything more than 3 or 4 years, he would lighten up as you want short duration.
Cdn Corp Bond ETF. A good product but he would go on their website and have a look at the duration and if it is anything more than 3 or 4 years, he would lighten up as you want short duration.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$20.390
Owned
Unknown
BUY
BUY
September 30, 2010
Cdn Corp Bond ETF. Probably provides best exposure to Canadian corporations. Probably yielding 3%-3.5%. Holds everything from 1 year to 30-year bonds. You could also look at some of the US ETF’s such as iShares Corporate Bond ETF (LQD-N) where you could do a little bit better.
Cdn Corp Bond ETF. Probably provides best exposure to Canadian corporations. Probably yielding 3%-3.5%. Holds everything from 1 year to 30-year bonds. You could also look at some of the US ETF’s such as iShares Corporate Bond ETF (LQD-N) where you could do a little bit better.
Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$20.930
Owned
Yes
BUY
BUY
August 19, 2010
Canadian corporate bond ETF. Individual investors need to have a diversified portfolio and ETF’s are a good way to go as they have lower management fees.
Canadian corporate bond ETF. Individual investors need to have a diversified portfolio and ETF’s are a good way to go as they have lower management fees.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$20.830
Owned
Unknown
TOP PICK
TOP PICK
July 12, 2010
Cdn Corp Bond ETF. Doesn't think there are risks any more with corporate bonds. This will give you a bit of yield pickup without venturing into preferreds.
Cdn Corp Bond ETF. Doesn't think there are risks any more with corporate bonds. This will give you a bit of yield pickup without venturing into preferreds.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$20.480
Owned
Yes
DON'T BUY
DON'T BUY
June 7, 2010
They never mature. You are forced to buy whatever they buy and that is 35% financials because they is part of the index. Go with handpicked bonds.
They never mature. You are forced to buy whatever they buy and that is 35% financials because they is part of the index. Go with handpicked bonds.
Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$20.490
Owned
Unknown
DON'T BUY
DON'T BUY
April 23, 2010
Cdn Corporate Bond ETF. Thinks interest rates are going up and part of that is reflected in the bond market. He would hesitate. If you were going to buy a bond ETF, he would stay on the short end of the curve.
Cdn Corporate Bond ETF. Thinks interest rates are going up and part of that is reflected in the bond market. He would hesitate. If you were going to buy a bond ETF, he would stay on the short end of the curve.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$20.110
Owned
Unknown
WEAK BUY
WEAK BUY
March 4, 2010
6-year duration so it is a little more sensitive to an increase in interest rates. He is not particularly nervous about this one.
6-year duration so it is a little more sensitive to an increase in interest rates. He is not particularly nervous about this one.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$20.640
Owned
Unknown
BUY
BUY
February 22, 2010
Passive ETF. It is the broad corporate universe. More interest-rate sensitivity, but higher yield.
Passive ETF. It is the broad corporate universe. More interest-rate sensitivity, but higher yield.
Christine Horoyski
VP of Fixed Income, Aurion Capital Management
Price
$20.470
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 14, 2010
(A Top Pick Apr 30/09. Up 8.75%.) Corporate bonds. Reasonable place to be. Does not expect much further spread reductions.
(A Top Pick Apr 30/09. Up 8.75%.) Corporate bonds. Reasonable place to be. Does not expect much further spread reductions.
Jeff Black
President & CIO, Crestridge Asset Management
Price
$20.350
Owned
Yes
COMMENT
COMMENT
January 4, 2010
iShares Cdn Corp Bond ETF. Most people are expecting rate hikes in the 2nd half of this year and this will have an adverse impact on all Bond ETFs. He doesn't expect the rate hikes will be that large.
iShares Cdn Corp Bond ETF. Most people are expecting rate hikes in the 2nd half of this year and this will have an adverse impact on all Bond ETFs. He doesn't expect the rate hikes will be that large.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$20.150
Owned
Unknown
COMMENT
COMMENT
December 22, 2009
Cdn Corp Bond ETF. Prefers over the Cdn Bond Market ETF (XBB-T) because of its shorter duration and the higher yield. 52% of it is in financials, which is a high percentage.
Cdn Corp Bond ETF. Prefers over the Cdn Bond Market ETF (XBB-T) because of its shorter duration and the higher yield. 52% of it is in financials, which is a high percentage.
Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$20.530
Owned
Unknown
BUY
BUY
November 30, 2009
Canadian Corporate Bond ETF. Spread between corporate and government bonds have narrowed a fair bit. Owning an ETF in the sector makes a lot of sense. Better diversification.
Canadian Corporate Bond ETF. Spread between corporate and government bonds have narrowed a fair bit. Owning an ETF in the sector makes a lot of sense. Better diversification.
John Zechner
Chairman, J. Zechner & Assoc
Price
$20.750
Owned
Unknown
COMMENT
COMMENT
November 27, 2009
Canadian corporate bond ETF. Bonds have had a pretty good run and if you own, you might want to consider locking in some of your gains.
Canadian corporate bond ETF. Bonds have had a pretty good run and if you own, you might want to consider locking in some of your gains.
Randy LeClair
Chief Investment Officer & Portfolio Manager, Portland Investment Counsel
Price
$20.700
Owned
Unknown
HOLD
HOLD
October 30, 2009
Investment grade corporate bond ETF. The run this year has been excellent so far with 15%. Outlook for interest rate is fairly stable so you will at least earn the coupon rate.
Investment grade corporate bond ETF. The run this year has been excellent so far with 15%. Outlook for interest rate is fairly stable so you will at least earn the coupon rate.
Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$20.430
Owned
Unknown
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