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Mackenzie Floating Rate Income ETF (MFT-T)
TSE:MFT
17.57
Financials
Technical Analysis
$19.210
Unknown
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.
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.
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Mackenzie Floating Rate Income ETF(MFT-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Mackenzie Floating Rate Income ETF published on Stockchase.
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?
0 stock analysts 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 2023-09-22, Mackenzie Floating Rate Income ETF (MFT-T) stock closed at a price of $17.57.
