BMO S&P/TSX Laddered Preferred (ZPR-T) Stock Predictions - Stockchase
WATCH LIST
57
BMO S&P/TSX Laddered Preferred (ZPR-T)

ON STOCKCHASE SINCE Dec 2012

E.T.F.'s

BMO S&P/TSX Laddered Pref...

ZPR-T

21 watching          
Join the Discussion

BMO S&P/TSX Laddered Preferred (ZPR-T) SAVE Apr, 19, 2019, 9:14 am

10.25 0.02 (0.2%)

What the experts are saying about ZPR-T



  • All
  • Filtered
Signal Opinion Expert
COMMENT
Good ETF. Interest rates going down affects it as many of the underlying are rate resets. He doesn't like preferreds that much in the sense that you get return of a bond with a risk of stocks. He prefers capital growth.
E.T.F.'s
0 0 0 0 0
0 comments
Good ETF. Interest rates going down affects it as many of the underlying are rate resets. He doesn't like preferreds that much in the sense that you get return of a bond with a risk of stocks. He prefers capital growth.
E.T.F.'s
0 0 0 0 0
0 comments
John Hood

President , J. C Hood Investment...

Price Price
$10.150
Owned Owned
Unknown

HOLD
He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%.
E.T.F.'s
0 0 0 0 0
0 comments
He likes this and ZPR-T, but in general is not a big fan of preferred shares as he feels they have the yield of bonds and the risk of stocks. He holds it as a partial position, but does not view it as a good place to park cash. The yield on HPR-T is over 4%.
E.T.F.'s
0 0 0 0 0
0 comments
John Hood

President , J. C Hood Investment...

Price Price
$10.150
Owned Owned
Unknown

BUY
ZPR-T vs. ZWC-T vs. ZWU-T. He likes ZWU-T and ZWC-T for the covered calls. ZPR-T is reset preferreds. They reset. There is an expectation that BOC will be less aggressive with interest rates so we are seeing pressure on these. The lower it gets the more he likes it. He feels it will appreciate next year.
E.T.F.'s
0 0 0 0 0
0 comments
ZPR-T vs. ZWC-T vs. ZWU-T. He likes ZWU-T and ZWC-T for the covered calls. ZPR-T is reset preferreds. They reset. There is an expectation that BOC will be less aggressive with interest rates so we are seeing pressure on these. The lower it gets the more he likes it. He feels it will appreciate next year.
E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$10.860
Owned Owned
Unknown

BUY

There used to be perpetual preferreds that did poorly when bonds went up.  He does not see a lot of growth here.  He has been trading it.  He trades a range.  He prefers the indexed strategy to going into specific preferreds.  HPR-T is an alternative he prefers.

E.T.F.'s
0 0 0 0 0
0 comments

There used to be perpetual preferreds that did poorly when bonds went up.  He does not see a lot of growth here.  He has been trading it.  He trades a range.  He prefers the indexed strategy to going into specific preferreds.  HPR-T is an alternative he prefers.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.690
Owned Owned
Yes

COMMENT

ZPR-T vs HPR-T? Preferred shares in Canada are subject to resets, so they’re a great thing when interest rates rise. But when rates go down, they get creamed. It’s unlikely that rates will go down anytime soon. ZPR-T is laddered, and very short term and floating rate. Not a bad strategy. A better strategy would be HPR-T, which is actively managed by Fierra a fantastic manager in the fixed income space. The price on HPR-T is kinda in the same category as ZPR-T but you get the advantage of Fierra without paying a lot. Prefers HPR-T to ZPR-T. 

E.T.F.'s
0 0 0 0 0
0 comments

ZPR-T vs HPR-T? Preferred shares in Canada are subject to resets, so they’re a great thing when interest rates rise. But when rates go down, they get creamed. It’s unlikely that rates will go down anytime soon. ZPR-T is laddered, and very short term and floating rate. Not a bad strategy. A better strategy would be HPR-T, which is actively managed by Fierra a fantastic manager in the fixed income space. The price on HPR-T is kinda in the same category as ZPR-T but you get the advantage of Fierra without paying a lot. Prefers HPR-T to ZPR-T. 

E.T.F.'s
0 0 0 0 0
0 comments
Terry Shaunessy

President , Shaunessy Investment...

Price Price
$11.690
Owned Owned
Unknown

DON'T BUY

ZPR-T vs. HPR-T.  HPR-T is actively managed whereas the other is a laddered, index ETF.  The HPR-T is probably a better hold even though the fees are higher.

E.T.F.'s
0 0 0 0 0
0 comments

ZPR-T vs. HPR-T.  HPR-T is actively managed whereas the other is a laddered, index ETF.  The HPR-T is probably a better hold even though the fees are higher.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.700
Owned Owned
Unknown

COMMENT

Rate resets? Has heard a lot more about preferred shares in the last few months than he has in the last 5 years. Where you have to be very diligent is in reading the fine print. What is the reset? How many more basis points are the giving you over Canada's? What is their benchmark? When does it occur? This is a place that you could put part of your portfolio in, you just have to be extremely selective.

E.T.F.'s
0 0 0 0 0
0 comments

Rate resets? Has heard a lot more about preferred shares in the last few months than he has in the last 5 years. Where you have to be very diligent is in reading the fine print. What is the reset? How many more basis points are the giving you over Canada's? What is their benchmark? When does it occur? This is a place that you could put part of your portfolio in, you just have to be extremely selective.

E.T.F.'s
0 0 0 0 0
0 comments
Michael Sprung

President, Sprung Investment Ma...

Price Price
$11.910
Owned Owned
Unknown

HOLD

Bank of Montréal preferreds are in fact rate resets as opposed to perpetuals, which are by and large from iShares. As rates change, the rates they are paying will change as well. Generally with the preferred, if you are seeing rates going up, they tend to get beaten up a little, but rate resets are a little healthier than that. The yield is good on this and he has no intention of selling his.

E.T.F.'s
0 0 0 0 0
0 comments

Bank of Montréal preferreds are in fact rate resets as opposed to perpetuals, which are by and large from iShares. As rates change, the rates they are paying will change as well. Generally with the preferred, if you are seeing rates going up, they tend to get beaten up a little, but rate resets are a little healthier than that. The yield is good on this and he has no intention of selling his.

E.T.F.'s
0 0 0 0 0
0 comments
John Hood

President , J. C Hood Investment...

Price Price
$11.900
Owned Owned
Yes

WATCH

Rate Reset Preferreds.  With higher interest rates you will get high rates as they reset.  He will step in after the next correction.

E.T.F.'s
0 0 0 0 0
0 comments

Rate Reset Preferreds.  With higher interest rates you will get high rates as they reset.  He will step in after the next correction.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.900
Owned Owned
No

BUY on WEAKNESS

Laddered preferreds.  They do well in rising interest rate environments.  Fundamentally it is not cheap here.  He got a lot a year ago.  He does not like the relative value here.  He would buy into weakness on a pull pack.  That could happen in December.

E.T.F.'s
0 0 0 0 0
0 comments

Laddered preferreds.  They do well in rising interest rate environments.  Fundamentally it is not cheap here.  He got a lot a year ago.  He does not like the relative value here.  He would buy into weakness on a pull pack.  That could happen in December.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.790
Owned Owned
No

COMMENT

How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady.

E.T.F.'s
0 0 0 0 0
0 comments

How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady.

E.T.F.'s
0 0 0 0 0
0 comments
Richard Croft

President, R.N. Croft Financial...

Price Price
$11.265
Owned Owned
Unknown

COMMENT

How will rising interest rates affect this? This is a “rules based” ETF and is made up of 100% fixed reset preferred shares. In theory, in a rise in rates, this would perform well.

E.T.F.'s
0 0 0 0 0
0 comments

How will rising interest rates affect this? This is a “rules based” ETF and is made up of 100% fixed reset preferred shares. In theory, in a rise in rates, this would perform well.

E.T.F.'s
0 0 0 0 0
0 comments
Doug Grieve

Portfolio , Lysander-Slater Pref...

Price Price
$11.490
Owned Owned
Unknown

COMMENT

Will the rise in value of this ETF continue? The TD Bank and Bank of Montréal launched some structured products into the market that were linked to the payouts of the preferreds, and they were wildly successful. The demand for these preferreds went through the roof. He doesn’t think this is sustainable and he sold into the rally. He doesn’t like the value up here and is reducing his exposure.

E.T.F.'s
0 0 0 0 0
0 comments

Will the rise in value of this ETF continue? The TD Bank and Bank of Montréal launched some structured products into the market that were linked to the payouts of the preferreds, and they were wildly successful. The demand for these preferreds went through the roof. He doesn’t think this is sustainable and he sold into the rally. He doesn’t like the value up here and is reducing his exposure.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.460
Owned Owned
Yes

PARTIAL SELL

This is expensive now.  He has been selling into the strength since December.  If it gets back to those levels he would buy back in.

E.T.F.'s
0 0 0 0 0
0 comments

This is expensive now.  He has been selling into the strength since December.  If it gets back to those levels he would buy back in.

E.T.F.'s
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$11.345
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick July 29/16. Up 8.13%.) Has a lot of clients that are really focused on how they are going to get the income they need. Every 5 years, these preferred shares get reset, and they benefit when interest rates are going up.

E.T.F.'s
0 0 0 0 0
0 comments

(A Top Pick July 29/16. Up 8.13%.) Has a lot of clients that are really focused on how they are going to get the income they need. Every 5 years, these preferred shares get reset, and they benefit when interest rates are going up.

E.T.F.'s
0 0 0 0 0
0 comments
Lorne Zeiler

Portfolio , TriDelta Financial...

Price Price
$10.580
Owned Owned
Yes

Showing 1 to 15 of 57 entries
Successfully Saved Company
Successfully Saved Company
4+
JOIN THE DISCUSSION
4 comments in the last 7 days