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FMAX

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

Analysis and statistics

  • Open
    19.0393$
  • Previous Close
    18.9446$
  • 52 Week Change
    --
  • Day Range
    0.09$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FMAX.TO represents the Horizons High-Interest Savings ETF, traded on the Toronto Stock Exchange (TSX). It's designed to provide investors with a high-interest savings account-like return in an ETF format. The fund primarily invests in high-interest deposit accounts with Canadian banks, seeking to deliver a consistent and competitive yield reflective of prevailing short-term interest rates, while offering daily liquidity and potential tax advantages depending on account type.
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Factors

Market Interest Rates: Higher rates typically decrease bond prices, impacting FMAX.TO's value as its holdings become less attractive.

Credit Spreads: Widening spreads reflect increased risk, lowering bond prices and thus FMAX.TO's value. Tighter spreads have the opposite effect.

Inflation Expectations: Rising inflation erodes bond values, decreasing FMAX.TO's price as investors demand higher yields.

Economic Growth: Strong economic data can lead to expectations of higher interest rates, negatively impacting bond prices in FMAX.TO.

Supply and Demand: Increased demand for bond ETFs can drive up FMAX.TO's price, while increased supply can depress it.

Fund Flows: Large inflows into FMAX.TO can push prices higher, while outflows can force the fund to sell assets, lowering the price.

Issuer Creditworthiness: Changes in the credit ratings of bonds held within FMAX.TO will impact the value.

Liquidity in the Bond Market: Reduced liquidity in the bond market can make it more difficult to trade, potentially lowering the prices of bonds.

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