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Horizons U.S. Dollar Currency ETF (DLR-T) has garnered positive reviews from various experts. A caller suggests considering converting USD investments back to CAD around pivotal events such as Canadian elections or new trade agreements, anticipating volatility and a potential weakening of the CAD, which they believe is grossly undervalued. Meanwhile, Stockchase Research Editor Michael O'Reilly emphasizes DLR as a top pick, highlighting its composition of high-interest savings and short-term T-bills in USD converted to CAD. The ETF is recommended for hedging USD exposures while maintaining a low Management Expense Ratio (MER). O'Reilly proposes trailing up the stop loss to enhance returns, projecting a price target of $17.50, indicating an upside potential of 16% and a yield of 3.3%. Overall, the consensus is that DLR presents a strategic opportunity for investors looking to manage currency exposure.
Maybe after the Canadian election or a new trade deal, 1-3 quarters. Will be lots of volatility and the CAD could weaken. The CAD is grossly undervalued and should be trading at $1.20. Hedge in the next 2-5 years.
Horizons U.S. Dollar Currency ETF is a Canadian stock, trading under the symbol DLR-T on the Toronto Stock Exchange (DLR-CT). It is usually referred to as TSX:DLR or DLR-T
In the last year, there was no coverage of Horizons U.S. Dollar Currency ETF published on Stockchase.
Horizons U.S. Dollar Currency ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons U.S. Dollar Currency ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Horizons U.S. Dollar Currency ETF In the last year. It is a trending stock that is worth watching.
On 2025-04-30, Horizons U.S. Dollar Currency ETF (DLR-T) stock closed at a price of $14.07.