
TSE:HFR
This summary was created by AI, based on 1 opinions in the last 12 months.
Global X Ultra-Short Term Investment Grade Bond ETF (HFR-T) is recognized as a defensive investment, primarily focusing on short-term floating rate Canadian and US corporate bonds. The ETF has garnered appreciation for its consistency and resilience in preserving value during challenging market downturns, notably during the years 2018 and 2022. With a maximum drawdown of only 4% over a three-month period, it provides a relatively safe environment for cash with a yield of 2.7%. Analysts recommend setting a stop-loss order at $9.50 while aiming for a target price of $12.00, reflecting an upside potential of 15%. This ETF serves as a stable park for investors seeking security and reasonable returns in fluctuating market conditions.
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 2026-07-23, Global X Ultra-Short Term Investment Grade Bond ETF (HFR.TO) stock closed at a price of $10.07.
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.