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HAC

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1d
1w
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Analysis and statistics

  • Open
    30.9238$
  • Previous Close
    31.4468$
  • 52 Week Change
    --
  • Day Range
    -0.52$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

HAC.TO represents Horizons Active Corporate Bond ETF. This is an exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX) that actively manages a portfolio of Canadian corporate bonds. The fund aims to provide a steady stream of income and potential capital appreciation by investing primarily in investment-grade corporate bonds issued by Canadian companies. As an actively managed fund, its portfolio composition can change based on the investment manager's assessment of market conditions and creditworthiness of individual issuers.
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Factors

Underlying Holdings Performance: HAC.TO's price heavily depends on the performance of the Canadian high-interest savings account ETFs it holds.

Interest Rate Changes: Increases or decreases in Canadian interest rates, especially the overnight rate set by the Bank of Canada, impact the yields and attractiveness of high-interest savings accounts.

Demand and Supply: General investor demand for the ETF relative to the available supply can cause price fluctuations above or below its net asset value (NAV).

Management Fees: The ETF's management expense ratio (MER) directly impacts its yield and overall return, thus affecting its price.

Market Sentiment: Broad market sentiment towards risk and safe-haven assets can influence flows into or out of HAC.TO, affecting its price.

Competition: The availability and yields of similar high-interest savings account ETFs or other cash equivalent investments affect HAC.TO's relative attractiveness.

Economic Conditions: Overall Canadian economic conditions, including inflation and unemployment, can influence interest rate expectations and therefore impact the ETF's price.

Liquidity: The liquidity of HAC.TO itself can affect its price, with lower liquidity potentially leading to wider bid-ask spreads and more volatile price movements.

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