what is the yield and what is the MER? I find that most mutual funds in the bond sector these days have MERs that eat almost all the yield.
If you have enough cash to buy ETFs and not have the commissions turn your trades into the equiv. of high MER mutual funds, then bond ETFs are a good option IMO. There are several short term laddered bond ETFs out there that have quite low MERs.
No real opinions. The prospectus shows that, once the offering closes, the only fees are a management fee of 0.5% and operating expenses which look like they might range from 0.25-0.4% annually. With GST, total costs might be around 1% or a bit below. Its regular bond mutual fund carries fees of just over 1% and it has underperformed the bond index by less than its fees (which means it outperformed before fees) over ten years.
The fund can use leverage of up to 25% of assets and it will use close to all of that (20%) at the fund's inception. Ridgewood used to be called Mulvihill, which was born out of the old Canada Trust years ago (mid-1980s?). They're not great on stock funds but they seem to have done a decent job on the bond side (kind of funny for a firm that really has its roots in equity management).
So, this doesn't look bad but can't say if YOU should invest in it. No huge warning signs emerged. The only thing is that fees might be more than you'd want to pay - since you can buy XCB for 40 basis points - but other than that, this looks okay at first blush.
TORONTO, March 25 /CNW/ - Ridgewood Capital Asset Management Inc., the manager and trustee of Ridgewood Canadian Bond Fund (the "Fund"), announced today that at a special meeting of the Fund, unitholders approved a change in investment objective of the Fund. In accordance with the new investment objective, the Fund will now be permitted to invest in corporate bonds with a minimum rating of "BBB" (or its equivalent), rather than "A". The change will take effect after the close of business today.
For further information: John H. Simpson, C.F.A., Managing Director, Ridgewood Capital Asset Management Inc., (416) 479-2751
I’m new to the world of ETFs and fixed income investing. I’m heavily invested in Canadian dividend producing stocks.
I’m looking for some recommendations on bond ETFs and thoughts on the general outlook with what appears to be sustained low (and falling) rates.
Any major differences...
An Italian trader lost his savings (95% of it) by investing in a single stock (LK).
He paid a big price, but has learned his lesson.
He could have...
I am curious if anyone has considered sports betting as investment option and started a portfolio. In late december a handicapper <LINK REMOVED BY MODERATOR> posted 6 college football bowl game picks based on some players sitting out of for NFL draft and it seemed like a great info. I put $50 on...
So I have about 150k$ sitting in my savings account right now.
Based on my situation, what would be the best way to invest this money?
Some details on my financial situation:
I have ~40k free space for my RRSP.
My salary in 2020 will be around 230k, but on average it's around 140k...
As of now, my portfolio value is back to where it was before the Covid crash.
My portfolio is a Couch Potato style mix, mainly VCN, VTI, VIU (Cdn, US, global) and ZAG for bonds. [20/20/20] : 40
How is everyone faring?
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!