Mackenzie Floating Rate Income ETF (MFT-T)
TSE:MFT
16.54
0.11
(0.66%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
The Mackenzie Floating Rate Income ETF (MFT-T) has gained attention from experts due to its strong performance, notably in the past year where it reported a total return of approximately 8.6%. Recent additions to client portfolios are driven by the ETF's attractive yield, which ranges from 9% to 10%, stemming from a floating-rate strategy that primarily targets high-yield corporate bonds in the U.S. The ETF has shown resilience across various interest rate environments, outperforming traditional long-term bond indices. However, some caution is advised as interest rates are expected to decline, which could lead to reduced interest payments and subsequently affect the yield. Investors should remain mindful of market conditions as share prices are likely to track closely with the net asset value (NAV).
Has done extremely well over the past year, total return is up ~8.6%, though share price has come off. Floating-rate strategy to higher-yielding corporate issues, mainly US. Better return than most bond indices, as they're usually long term. Performs well in almost any interest rate environment. Very nice yield of 9-10%.
With rates coming down in the future, we would be cautionary to say that a yield this high will be sustained, especially given MFT's floating rate focus. As rates come down, interest payments will come down as well which should lower the yield overtime. However, if the price of the fund declines by a greater proportion, yield may look attractive. The share price will likely trade close to NAV which will depend on market conditions.
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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.
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.
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Mackenzie Floating Rate Income ETF(MFT-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
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, 3 stock analysts published opinions about MFT-T. 3 analysts 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?
3 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 2025-04-03, Mackenzie Floating Rate Income ETF (MFT-T) stock closed at a price of $16.54.
He added it to clients' portfolios a couple of weeks ago and is looking for it to reach yield. He has paired this with another ETF on the other side with high quality and a bit lower quality, mostly B bonds and mostly in the U.S. Small cap and mid cap companies in the U.S. could be taken out by large caps.