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HCAL

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

Analysis and statistics

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About

HCAL.TO is the Horizons Canadian High Covered Call ETF. It is designed to provide a high level of income by investing primarily in Canadian companies and writing covered call options on a portion of its portfolio. This strategy aims to generate income from the option premiums while still participating in some of the potential upside of the underlying stocks.
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Factors

Underlying Gold Price: HCAL.TO tracks the daily performance of the Solactive Gold Daily CAD Index, so the price of gold is the primary driver.

CAD/USD Exchange Rate: As gold is priced in USD, fluctuations in the CAD/USD exchange rate impact the CAD value of gold holdings.

Management Fees & Expenses: The ETF's MER reduces returns, impacting the price over time.

Supply and Demand: Market demand for HCAL.TO can influence its trading price relative to its net asset value.

Geopolitical Events: Global economic and political instability often drive investors to gold as a safe haven, impacting demand and price.

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