Stock price when the opinion was issued
(A Top Pick Mar 25/20, Down 6%) It is very similar to the story with PHYS-N that he just talked about. Bonds are what we buy when there is the potential of uncertainty. We saw unprecedented cuts in yield. You want to revisit and see how this massive equity rally has caused your portfolio to become unbalanced. Over the next 12 to 18 months, the roll-out of the vaccine will not be perfect so there is lots of room for uncertainty along the way.
(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).
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%