Opinions
Mike Philbrick
Horizons US 7 10 Year Treasury Bond ETF
HTB-T
PAST TOP PICK
Jan 29, 2019
(A Top Pick Nov 23/18, Up 3%) Instead of shorting the S&P, buy this (see his earlier comments). You don't receive any interest; it's a total return swap. Wonderful tax exposure. You need this to diversify your portfolio.
$54.370
Stock price when the opinion was issued
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Stockchase Research Editor: Michael O'Reilly
HTB is a low-MER ETF that trades in Canadian dollars which holds US treasury bills with a 7-10 year maturity -- a safe haven for parking cash. As a Corporate Class ETF, it does not pay any interest or distributions, making it highly tax efficient for non-registered accounts -- when you sell you generate a capital gain. The underlying portfolio has a current average yield to maturity of 4.1%. Yield 0%
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