Opinions
The Panic-Proof Portfolio (Stockchase Research)
Global X Laddered Cdn Pref. Share Corporate Class ETF
HLPR-T
TOP PICK
Apr 08, 2025
$27.910
Stock price when the opinion was issued
E.T.F.'s
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
We reiterate HLPR, a low-MER (0.3%) ETF that holds Canadian investment grade preferred shares with a laddered maturity for rate resets, as a TOP PICK. As a Corporate Class ETF, it does not pay any dividends or distributions, making it highly tax efficient for non-registered accounts -- when you sell you generate a capital gain. The underlying portfolio is a well diversified portfolio of utilities, banks, and energy companies. We recommend trailing up the stop (from $25.00) to $28.50, looking to achieve $37.00 -- upside potential over 17%. Yield 0%
E.T.F.'s
HLPR is a low-MER (0.3%) ETF that holds Canadian investment grade preferred shares with a laddered maturity for rate resets. As a Corporate Class ETF, it does not pay any dividends or distributions, making it highly tax efficient for non-registered accounts -- when you sell you generate a capital gain. The underlying portfolio is a well diversified portfolio of utilities, banks, and energy companies. We recommend setting a stop-loss at $25, looking to achieve $33 -- upside potential over 17%. Yield 0%