TSE:ZFH

15.02
0.03 (0.20%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts' reviews of the BMO Floating Rate Hi Yield ETF (ZFH-T) suggest that it may not be a good option for investors, especially in the event of a recession. They caution against purchasing this stock due to its lack of defensive qualities and the complexity of its products, which may not be suitable for the average investor.

Consensus
Negative
Valuation
Overvalued
Similar
JPMorgan Chase & Co., JPM
DON'T BUY

Not a good option if we head into recession. Would not recommend buying. Not a good defensive name. Products are too complex for average investor. 

E.T.F.'s
COMMENT

ZFH-T is exposure to short-term high yield credit using a swap strategy to mitigate the interest rate risk. You still get credit risk. ZHY trade more like equities than bonds. People are seeking the higher yields. A floating rate note mitigates the interest rate risk only.

E.T.F.'s
COMMENT
The general rules is that if you think interest rates will rise, you want exposure to floating rate bonds. You may see some movement in terms of the bond markets pushing yields higher. However, the world probably works only in a low interest rate environment right now in the short term.
E.T.F.'s
COMMENT

4.9% yield. Holds exposure to a high yield index so you get a high yield return. There are risks. It is very similar to the volatility of the market.

E.T.F.'s
COMMENT

Floating rate gives you the resetability when interest rates change. It is a good way to mitigate the downside when interest rates change, although he does not see them changing over the next year or so. You are getting a lower return on this one as well. There are a lot of pros and cons – it depends on the investor’s situation.

E.T.F.'s
DON'T BUY

Floating rate high yield. Chart is almost flat. You are waiting for central banks. You will wait for another year. It is dead money for a while.

E.T.F.'s
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BMO Floating Rate Hi Yield ETF(ZFH-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for BMO Floating Rate Hi Yield ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO Floating Rate Hi Yield ETF(ZFH-T) Frequently Asked Questions

What is BMO Floating Rate Hi Yield ETF stock symbol?

BMO Floating Rate Hi Yield ETF is a Canadian stock, trading under the symbol ZFH-T on the Toronto Stock Exchange (ZFH-CT). It is usually referred to as TSX:ZFH or ZFH-T

Is BMO Floating Rate Hi Yield ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about ZFH-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Floating Rate Hi Yield ETF.

Is BMO Floating Rate Hi Yield ETF a good investment or a top pick?

BMO Floating Rate Hi Yield ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO Floating Rate Hi Yield ETF.

Why is BMO Floating Rate Hi Yield ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BMO Floating Rate Hi Yield ETF worth watching?

In the last year, there was no coverage of BMO Floating Rate Hi Yield ETF published on Stockchase.

What is BMO Floating Rate Hi Yield ETF stock price?

On 2024-11-15, BMO Floating Rate Hi Yield ETF (ZFH-T) stock closed at a price of $15.02.