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

A: The PIMCO Global Short Maturity Fund (Canada) ETF, $20.12, symbol PMNT on Toronto (Units outstanding: 3.2 million; Market cap: $64.32 million; www.pimco.ca) was recently launched by PIMCO.

Based in Newport, California, PIMCO is one of the world’s biggest fixed-income investment managers. It’s owned by Germany-based… Read More

Rising rates are a risk for these bond ETFs

The Bank of Canada increased its benchmark interest rate in October 2018 from 1.50% to 1.75%. That rate could rise further in 2019 depending on economic growth and the level of unemployment.
We continue to caution against investing in bonds. Today’s still-low interest rates make them… Read More