
TSE:HFR
This summary was created by AI, based on 1 opinions in the last 12 months.
The Global X Ultra-Short Term Investment Grade Bond ETF (HFR-T) is recognized for its defensive characteristics, primarily investing in short-term floating rate corporate bonds from Canada and the US. Experts highlight its consistency and resilience in times of severe market downturns, citing past performance during 2018 and 2022 as especially notable. The ETF has a maximum three-month drawdown of only 4%, indicating a commendable ability to preserve capital. With a current yield of 2.7%, it is seen as a secure option for parking cash while still generating income. Analysts recommend setting a stop-loss at $9.50 and targeting a price of $12.00, which suggests an upside potential of approximately 15%.
Global X Ultra-Short Term Investment Grade Bond ETF is a Canadian stock, trading under the symbol HFR.TO (previously HFR-T on Stockchase) on the Toronto Stock Exchange (HFR-CT). It is usually referred to as TSX:HFR or HFR.TO
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on HFR.TO (previously HFR-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Global X Ultra-Short Term Investment Grade Bond ETF.
Global X Ultra-Short Term Investment Grade Bond ETF was recommended as a Top Pick by Mike Philbrick on 2025-12-30. Read the latest stock experts ratings for Global X Ultra-Short Term Investment Grade Bond ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Global X Ultra-Short Term Investment Grade Bond ETF.
Global X Ultra-Short Term Investment Grade Bond ETF is covered by Stockchase experts and is worth watching.
On 2026-08-13, Global X Ultra-Short Term Investment Grade Bond ETF (HFR.TO) stock closed at a price of $10.05.
Great if you want cash and you don't want volatility in your portfolio. Charges 0.49% MER though. ZST is cheaper, but pays a lower yield.