Horizons Active Preferred Share ETF

HPR-T

Analysis and Opinions about HPR-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 23, 2015

The Preferred asset class has started to not behave like it normally does. Usually when a instrument like preferred shares, gets clocked like this one did this year, there is a credit problem. But in fact, there isn’t a credit problem. What came up is that preferred shares in Canada were not homogenous because of all the resets. Because this is an illiquid market, everybody just hit the doors.

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The Preferred asset class has started to not behave like it normally does. Usually when a instrument like preferred shares, gets clocked like this one did this year, there is a credit problem. But in fact, there isn’t a credit problem. What came up is that preferred shares in Canada were not homogenous because of all the resets. Because this is an illiquid market, everybody just hit the doors.

DON'T BUY
DON'T BUY
August 7, 2015

Doesn’t like preferreds. You are getting bond yields for stock risks, which doesn’t make sense. On this one you had negative resets when the rates went down, so they got clobbered. Yields are pretty good, but he is not a big fan of that asset class.

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Doesn’t like preferreds. You are getting bond yields for stock risks, which doesn’t make sense. On this one you had negative resets when the rates went down, so they got clobbered. Yields are pretty good, but he is not a big fan of that asset class.

DON'T BUY
DON'T BUY
August 27, 2012

Most of the ETF’s tend to be indexed based and especially in preferred shares it can be a bit dangerous because the index gets updated after-the-fact. A reasonable way to invest but you are better actively managing preferred shares rather than the indexed type.

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Most of the ETF’s tend to be indexed based and especially in preferred shares it can be a bit dangerous because the index gets updated after-the-fact. A reasonable way to invest but you are better actively managing preferred shares rather than the indexed type.

Showing 16 to 18 of 18 entries