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PBI-B

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--%
1d
1w
1m

Analysis and statistics

  • Open
    63.8346$
  • Previous Close
    63.8346$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

PBI-B.TO is the ticker symbol for the Purpose Behavioral Opportunities Fund - Preferred Hedged Units, a Canadian exchange-traded fund (ETF). It seeks to provide long-term capital appreciation by investing in a diversified portfolio of global equities, using a quantitative model that incorporates behavioral finance principles to identify investment opportunities. The "Preferred Hedged Units" designation indicates that these units offer a preferential distribution yield and are hedged against currency fluctuations.
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Factors

Underlying Bond Prices: PBI-B.TO's price primarily reflects the market value of the Canadian corporate bonds it holds. Rising bond prices increase the ETF's value, while falling bond prices decrease it. Interest Rate Changes: As interest rates rise, existing bond prices typically fall to offer yields competitive with newer bonds. Conversely, falling interest rates generally lead to higher bond prices and ETF value. Credit Spreads: Widening credit spreads, indicating increased risk aversion, negatively impact corporate bond values. Narrowing spreads, signaling reduced risk, tend to boost bond and ETF prices. Supply and Demand: Basic supply and demand principles affect PBI-B.TO's price. High demand can drive the price above its net asset value (NAV), while increased selling pressure can push it below. ETF Management Fees: The ETF's management expense ratio (MER) indirectly affects its price. Higher fees can slightly reduce returns compared to similar ETFs with lower fees, potentially impacting demand.

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