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ZFC

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1d
1w
1m

Analysis and statistics

  • Open
    47.6968$
  • Previous Close
    47.6968$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

ZFC.TO is the ticker symbol for the BMO Discounted Convertible Bond Index ETF, traded on the Toronto Stock Exchange (TSX). This ETF seeks to replicate, to the extent possible, the performance of the Solactive Canada Discounted Convertible Bond Index, net of expenses. The index is designed to provide exposure to a diversified portfolio of Canadian dollar denominated convertible bonds trading below their par value, offering a potential combination of income and capital appreciation while mitigating downside risk compared to traditional equities. Investors looking for exposure to the Canadian convertible bond market may consider this ETF as a convenient and cost-effective option.
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Factors

Underlying Bond Prices: ZFC.TO's price is directly tied to the value of the Canadian government bonds it holds. Fluctuations in these bond prices, influenced by interest rate changes and economic outlook, impact the ETF's net asset value. Interest Rate Shifts: Rising interest rates typically cause bond prices to fall, decreasing ZFC.TO's value. Conversely, falling interest rates can increase the ETF's price as bond values rise. Credit Quality Perceptions: Changes in the perceived creditworthiness of the Canadian government can affect investor demand for government bonds and, subsequently, ZFC.TO's price. Higher perceived risk can lead to lower prices. Supply and Demand Dynamics: Basic market forces of supply and demand also play a role. High demand for ZFC.TO can push the price above its net asset value, while increased selling pressure can lower the price. Market Sentiment: General investor sentiment towards fixed income investments and Canadian government debt specifically can influence ZFC.TO's price. Positive sentiment can drive demand and prices higher.

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