Avoid this particular Canadian Index ETF

Avoid this particular Canadian Index ETF

The major Canadian and U.S. stock markets have risen steadily since the COVID-19 disruptions. Nonetheless, we think that if you can afford to stay in the market for several years or longer, now is still a good time for new buying. We see ETFs as… Read More

Q: Hello, Pat. Do you have an opinion on PIMCO Global Short Maturity Fund (Canada) ETF as a parking spot for cash in this market? Any feedback is appreciated. Thanks.

A: The PIMCO Global Short Maturity Fund (Canada) ETF, $19.75, symbol PMNT on Toronto (Units outstanding: 2.8 million; Market cap: $55.3 million; www.pimco.ca) began trading on the Toronto exchange on February 1, 2019. The fund also has a traditional mutual fund series available for investors.

Based… Read More