This summary was created by AI, based on 1 opinions in the last 12 months.
MFT-T is recommended as a part of a dedicated fixed-income strategy due to its better returns than money market and lower duration risk. With a yield of 9% and investments in non-investment-grade, floating-rate, short-term bonds, it offers attractive performance in the fixed income allocation.
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.
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.
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
In the last year, 2 stock analysts published opinions about MFT-T. 2 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.
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.
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.
2 stock analysts on Stockchase covered Mackenzie Floating Rate Income ETF In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Mackenzie Floating Rate Income ETF (MFT-T) stock closed at a price of $17.17.
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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