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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 regarded as a defensive investment option that primarily focuses on short-term floating rate corporate bonds in both Canada and the US. Experts highlight its consistency in performance and its ability to maintain value during challenging market conditions, as evidenced by its resilient performance during downturns in 2018 and 2022. With a maximum drawdown of only 4% over three months, it provides a relatively stable investment environment. This ETF is seen as a secure place for investors to park cash while still earning a respectable yield of 2.7%. Recommendations suggest setting a stop at $9.50 with an aimed target of $12.00, representing an upside potential of 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 PAST TOP PICK. 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 John Hood on 2016-08-04. 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 2026-06-12, Global X Ultra-Short Term Investment Grade Bond ETF (HFR.TO) stock closed at a price of $10.08.
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.