Investors Group Juggles Portfolio
In Allegro Portfolios the Investors Mortgage and Short Term Income Fund is being cut 5% and is also being replaced it seems by the IG Putnum U.S. High Yield Income Fund.
With a 1.8% MER on the bond fund it is no wonder it has to be replaced with something that puts earnings in the owners pocket instead. In comparison, XBB - iShares Canadian Universe Bond Index ETF has a MER of 0.33% and a Weighted Average Coupon (%) (the mean of the coupon rate of the underlying bonds in a portfolio) of 3.83% - that means you keep about 3.5% of the returns. With the Investors Canadian Bond Fund you split the returns in half with them!