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PHE

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1d
1w
1m

Analysis and statistics

  • Open
    38.0871$
  • Previous Close
    38.0871$
  • 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

PHE.TO is the ticker symbol for the Horizons Equal Weight Canada REIT Index ETF. This Exchange Traded Fund, listed on the Toronto Stock Exchange, seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada REIT Index, net of expenses. This index provides exposure to a diversified portfolio of Canadian Real Estate Investment Trusts (REITs), weighted equally at each quarterly rebalancing. As a result, PHE.TO offers investors a convenient way to gain access to a basket of Canadian REITs and potentially benefit from the performance of the Canadian real estate market, while mitigating concentration risk through its equal-weighting strategy.

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Factors

Underlying Holdings Performance: The price of PHE.TO is significantly influenced by the performance of the Canadian preferred shares it holds. Declines in the value of these shares directly reduce the ETF's NAV and market price. Interest Rate Changes: As preferred shares behave like fixed-income securities, rising interest rates typically lead to lower preferred share prices and subsequently, a lower PHE.TO price. Conversely, falling rates can increase the price. Credit Risk of Issuers: If the creditworthiness of companies issuing the preferred shares within PHE.TO deteriorates, this can depress the value of those shares, impacting the ETF's price negatively. Market Sentiment: Overall market sentiment towards preferred shares and the Canadian stock market can drive demand for PHE.TO. Positive sentiment can increase the ETF's price, while negative sentiment can decrease it. Supply and Demand: The simple economics of supply and demand affect PHE.TO's price. High demand relative to supply will push prices up, and high supply relative to demand will push prices down.

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