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TSE:HFR
This summary was created by AI, based on 1 opinions in the last 12 months.
The Global X Ultra-Short Term Investment Grade Bond ETF (HFR) is regarded as a defensive ETF, primarily investing in short-term floating rate Canadian and US corporate bonds. Experts highlight its strong track record of consistency and its ability to preserve capital during significant market downturns, as seen in the years 2018 and 2022. With a modest yield of 2.7%, HFR is recommended as a safe place to park cash while earning a reasonable return. The ETF has shown resilience, with the largest three-month drawdown being only 4%, making it a reliable investment option. Analysts suggest a stop-loss at $9.50 while aiming for a price target of $12.00, indicating an upside potential of approximately 15%.
Global X Ultra-Short Term Investment Grade Bond ETF is a Canadian stock, trading under the symbol HFR.TO (previously HFR-T on Stockchase) on the Toronto Stock Exchange (HFR-CT). It is usually referred to as TSX:HFR or HFR.TO
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on HFR.TO (previously HFR-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is PAST TOP PICK. Read the latest stock experts' ratings for Global X Ultra-Short Term Investment Grade Bond ETF.
Global X Ultra-Short Term Investment Grade Bond ETF was recommended as a Top Pick by John Hood on 2016-08-04. Read the latest stock experts ratings for Global X Ultra-Short Term Investment Grade Bond ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Global X Ultra-Short Term Investment Grade Bond ETF.
Global X Ultra-Short Term Investment Grade Bond ETF is covered by Stockchase experts and is worth watching.
On 2026-06-18, Global X Ultra-Short Term Investment Grade Bond ETF (HFR.TO) stock closed at a price of $10.08.
Great if you want cash and you don't want volatility in your portfolio. Charges 0.49% MER though. ZST is cheaper, but pays a lower yield.