Opinions
Brooke Thackray
Horizons US 7 10 Year Treasury Bond ETF
HTB-T
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Dec 05, 2024
$59.000
Stock price when the opinion was issued
E.T.F.'s
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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%
E.T.F.'s
(Note the short timeframe.) Strong performance with interest rates falling. Tends to perform well in summer months, starting to see a pullback. Coming up to a time when government bonds tend not to perform so well. Better places to be now.
Disclosure: He works for Global X (previously Horizons).