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SVR

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

Analysis and statistics

  • Open
    17.6874$
  • Previous Close
    18.1098$
  • 52 Week Change
    --
  • Day Range
    -0.42$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SVR.TO represents the Purpose High Interest Savings ETF, an exchange-traded fund designed to provide investors with a high interest rate similar to that of a high-interest savings account, while offering the liquidity and convenience of an ETF traded on the Toronto Stock Exchange (TSX). The fund primarily invests in high-interest deposit accounts with Canadian banks and credit unions, aiming to generate income while preserving capital. SVR.TO provides a means for investors to access competitive savings rates within a readily accessible investment vehicle, subject to the fund's management fees and expenses.

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Factors

Inverse Volatility: SVR.TO seeks to provide the inverse of the daily volatility of the S&P 500 VIX Short-Term Futures Index, meaning its price moves in the opposite direction of expected volatility. VIX Futures: Changes in the price of VIX futures contracts directly impact SVR.TO. Higher VIX futures prices typically lead to a decrease in SVR.TO's price and vice-versa. Time Decay: Due to the nature of inverse volatility ETFs, time decay, also known as theta, can erode value over time, especially in stable or rising volatility environments. Rebalancing: Daily rebalancing is necessary to maintain the inverse volatility target, which can lead to costs and tracking error, affecting the ETF's price. Supply and Demand: General supply and demand for SVR.TO shares in the market influences its price, regardless of the underlying index performance.

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