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PREF

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1d
1w
1m

Analysis and statistics

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About

PREF.TO is the ticker symbol for the Horizons Active Preferred Share ETF, traded on the Toronto Stock Exchange (TSX). This ETF seeks to provide a high level of total return, primarily through current income, by investing primarily in preferred shares of Canadian corporations. The fund is actively managed, meaning the portfolio manager selects securities with the goal of outperforming a benchmark index related to preferred shares. Investors should consider the risks associated with preferred shares, such as interest rate risk and credit risk, as well as the management expense ratio (MER) of the ETF before investing.
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Factors

Interest Rate Changes: Rising interest rates generally decrease PREF.TO prices, as newly issued preferred shares offer more attractive yields.

Credit Risk: Increased perceived credit risk of the issuers of the underlying preferred shares can lower PREF.TO's price.

Market Sentiment: Overall investor confidence or fear can impact the demand for and price of PREF.TO.

Liquidity: Lower trading volume of PREF.TO can lead to wider bid-ask spreads and price volatility.

Redemption Risk: The possibility of preferred shares being redeemed by the issuer can influence PREF.TO's price.

Dividend Yield: Changes in the dividend yields of comparable investments can affect PREF.TO's attractiveness and price.

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