Opinions
The Panic-Proof Portfolio (Stockchase Research)
Horizons USD Cash Maximizer ETF
HSUV.U-T
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Nov 26, 2024
$112.730
Stock price when the opinion was issued
E.T.F.'s
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Stockchase Research Editor: Michael O'Reilly
HSUV.U is a low-MER (0.2%) ETF that holds high interest savings accounts in US dollars with Canadian chartered banks. The current gross yield is 4.1%. It is highly tax efficient as it does not pay interest or make distributions -- you claim a capital gain when you sell it. A safe harbour until markets stabilize.
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Stockchase Research Editor: Michael O’Reilly
A US dollar denominated low-MER etf that is tax efficient too. It holds USD deposits in Canadian chartered bank Hight Interest Savings accounts. As a Corporate Class etf, it does not make distributions, making it very tax efficient. Its gross yield is 4.0%. Yield 0%
E.T.F.'s
There are times to be aggressive at adding capital into markets and there are times to be patient. With markets priced at near perfection for valuations, HSUV.A is a low MER USD based high interest savings ETF to hold cash in the interim. It is tax advantaged in that it will not distribute interest, but will retain the earnings. Yield 0%