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Canada-Listed ETF listed on the Canadian TSX stock exchange



The ETF: Horizons Active Floating Rate Preferred Share ETF (HFP)

 

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Horizons Active Floating Rate Preferred Share ETF
The investment strategy of the Horizons Active Floating Rate Preferred Share ETF is to generate income consistent with prevailing short-term preferred share yields while stabilizing the market value of the ETF from the effects of interest rate fluctuations. Horizons HFP invests primarily in preferred shares of Canadian companies and may also invest in preferred shares of companies located in the United States, fixed-income securities of Canadian and U.S. issuers, including other income generating securities and listed funds. Horizons HFP will generally maintain a portfolio duration of less than 2 years. Horizons HFP may use derivatives, including interest rate swaps and futures contracts, to contribute to the ability of the ETF to seek to deliver a floating rate of income. Horizons HFP seeks to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times.

Investment type: ETF (Exchange-Traded Fund); listed on the Canadian TSX exchange

Ticker symbol: HFP

Fund manager: Horizons ETFs

Fund information from Horizons ETFs: Horizons Active Floating Rate Preferred Share ETF

Fund launched:



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