Lorne Steinberg Horizons Active High Yield Bond ETF Class E HYI-T DON'T BUY Jul 28, 2021

Corporate bonds with a rating of less than BBB. Does well in rising rate environment. Problem with high-yield bond ETFs is that most are based in USD, so if USD goes down, your fund goes down. If you buy, buy it hedged to the CAD. A problem is that it's a much more illiquid asset class. He'd rather own a fund that owns the bonds within it.