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FINO

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    29.2119$
  • Previous Close
    29.2119$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FINO.TO represents the Horizons High Interest Savings ETF, a Canadian exchange-traded fund (ETF) designed to provide investors with a high interest savings account-like return. The fund primarily invests in high-interest deposit accounts with Canadian banks, aiming to deliver income while maintaining capital preservation. Because it invests in deposit accounts, the fund's yield is typically linked to prevailing short-term interest rates. It's an attractive option for investors seeking a liquid, low-risk, and relatively stable income-generating investment within a tax-advantaged or taxable account.
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Factors

Underlying Assets: FINO.TO's price is primarily driven by the performance of the underlying Canadian investment grade corporate bonds it holds.

Interest Rate Movements: Changes in prevailing interest rates impact bond values; rising rates typically decrease bond prices.

Credit Spreads: Widening credit spreads (the difference in yield between corporate and government bonds) signify increased perceived risk and lower bond prices.

Market Liquidity: Higher trading volume and ease of buying/selling bonds can influence price discovery and stability.

Supply and Demand: Investor demand for FINO.TO itself affects its price, relative to its net asset value (NAV).

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