Global X Ultra-Short Term Investment Grade Bond ETF (HFR.TO)

An engineered product that should look like a short term note. A place to hide but get some extra return.

A good cash alternative way where you can hide out during the summer. This holds a basket of corporate bonds and has a floating rate attached to it, to hedge out the interest-rate risk. If bond rates and interest rates go higher, you will tend to benefit from this. A very conservative play.

Basically this is a swap-based bond ETF. Very little price movement. It’s a good place to park money if you are a little bit concerned of what interest rates are going to do.

The price of this never moves. It’s $10.10 or $10.20. Because it is SWAP based, he didn’t pile into it too much because a lot of people are a little reluctant dealing with SWAPS. He has been using this for a couple of years now and it just doesn’t budge. Right now, with some question about interest-rate volatility, he is quite happy to be in it. Dull as dishwater but he likes dull for the next few months if there is some volatility, and then he can come out and be his usual predatory self.