Stockchase Opinions

Mike Philbrick Horizons CDN Select Universe Bond ETF HBB-T TOP PICK Jan 09, 2023

It covers the total Canadian bond market with low priced government, municipal and corporate bonds. It yields 3% but doesn't distribute it.
$45.240

Stock price when the opinion was issued

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It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

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WEAK BUY
Bonds are the first thing you'd put in a registered account, as bond income is taxed at the highest levels. For a non-registered account, HBB delivers the bond index return in a total return format, so you're not receiving income. It does have its own set of risks.
PAST TOP PICK
(A Top Pick Jan 09/23, Up 2%)

Safe vehicle that reduces risk in markets. Paired with ownership in equities - is a good option for portfolio diversification. 

BUY

Unlike XBB-T, this is a corporate swap bond ETF, but doesn't pay a dividend, so it's good a registered account.