Investor Insights

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

Experts consider Mackenzie Floating Rate Income ETF to be a strong component of a fixed-income allocation, with a focus on non-investment-grade, floating-rate, short-term bonds. The ETF has shown good performance, particularly in comparison to money market options, and offers a high yield of 9%. While it is not recommended as a place to simply 'park' money, it is seen as part of a dedicated fixed-income strategy with better returns than traditional money market investments.

Consensus
Positive
Valuation
Fair Value
BUY

In his fixed income allocation. One of the better-performing fixed income assets out there. Invests in non-investment-grade, floating-rate, short-term bonds. Half in US, 25% in Canada, rest international. 67 bps. Not a lot of duration risk. Can continue to do well as long as economy doesn't collapse. Yield is 9%.

Not really a place to "park" money. Part of a dedicated fixed-income strategy. Better returns than money market.

E.T.F.'s
BUY
Ways to play the floating rate bond market. It is an opportunity in a rising interest rate environment. Fixed income is very important when rates go up. The bond market is suggesting that the Feds and BoC will raise interest rates in late 2022 or 2023. Keep an eye out for the Fed's announcement this week.
E.T.F.'s
BUY

A floating rate note is an instrument issued by a corporation where the coupon adjusts each quarter. It is not a money market replacement because there is some credit risk, although not high. It is money market-like because it is linked to short term interest rates. He has shifted a lot of money into floating rate notes because he thinks interest rates will go higher. He has no trouble putting money in. FLOT-N is one he uses in the US.

E.T.F.'s
BUY

Floating rate notes give you an income payment adjusted to the change in short term interest rates. They go up in a rising rate environment, but there are not a lot of capital gains in this. He likes these notes in this environment, but more so in the US.

E.T.F.'s
Showing 1 to 4 of 4 entries
  • «
  • 1
  • »

Mackenzie Floating Rate Income ETF(MFT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Mackenzie Floating Rate Income 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.

Mackenzie Floating Rate Income ETF(MFT-T) Frequently Asked Questions

What is Mackenzie Floating Rate Income ETF stock symbol?

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

Is Mackenzie Floating Rate Income ETF a buy or a sell?

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

Is Mackenzie Floating Rate Income ETF a good investment or a top pick?

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

Why is Mackenzie Floating Rate Income 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 Mackenzie Floating Rate Income ETF worth watching?

1 stock analyst on Stockchase covered Mackenzie Floating Rate Income ETF In the last year. It is a trending stock that is worth watching.

What is Mackenzie Floating Rate Income ETF stock price?

On 2024-03-28, Mackenzie Floating Rate Income ETF (MFT-T) stock closed at a price of $17.45.