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PHE-B

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Analysis and statistics

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About

PHE-B.TO is the ticker symbol for the Horizons US Preferred Share ETF (CAD-Hedged). This ETF aims to replicate, to the extent possible, the performance of the Solactive US Preferred Share Select TR Index (CAD Hedged), net of expenses. It provides exposure to preferred shares of U.S. companies while hedging against fluctuations between the Canadian and U.S. dollar.
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Factors

Exchange Traded Funds (ETFs) like PHE-B.TO, which track a specific index or basket of assets, have their prices influenced by various factors. Underlying Asset Performance: The primary driver is the performance of the assets the ETF holds. If the underlying securities increase in value, the ETF's price tends to rise, and vice versa. Supply and Demand: Market demand for PHE-B.TO shares can affect its price. Higher demand pushes the price up, while increased selling pressure leads to price declines. Interest Rates: Changes in interest rates can impact the valuation of fixed income assets within the ETF, subsequently affecting the ETF's price. Economic Conditions: Overall economic health, including factors like GDP growth, inflation, and unemployment, can influence investor sentiment and impact demand for the assets held by the ETF, ultimately affecting its price.

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