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TPU

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--%
1d
1w
1m

Analysis and statistics

  • Open
    50.7042$
  • Previous Close
    50.6678$
  • 52 Week Change
    --
  • Day Range
    0.04$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

TPU.TO is the Horizons US Large Cap Equity Covered Call ETF. It is an exchange-traded fund listed on the Toronto Stock Exchange (TSX). The fund aims to provide income and capital appreciation by investing primarily in a portfolio of US large-cap equity securities and writing covered call options on a portion of that portfolio. The covered call strategy involves selling call options on the underlying securities held by the fund, which generates income from the option premiums but potentially limits the fund's upside participation if the underlying securities rise significantly in value.
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Factors

Underlying Bond Market Conditions: TPU.TO tracks investment-grade corporate bonds. Higher interest rates generally lower bond prices, decreasing the ETF's value. Conversely, falling rates can boost the ETF's price.

Credit Spreads: Widening credit spreads, indicating higher perceived risk in corporate bonds, tend to lower TPU.TO's price. Narrowing spreads often lead to price appreciation.

Supply and Demand: Increased investor demand for TPU.TO can push its price above its net asset value (NAV). High selling pressure can depress the price below NAV.

Market Sentiment: Overall investor confidence or fear can impact demand for corporate bond ETFs like TPU.TO. Risk-on sentiment may decrease demand, while risk-off can increase it.

Inflation Expectations: Rising inflation expectations often lead to higher interest rates and can negatively affect TPU.TO's price.

Fund Management Fees: Although less direct, the ETF's expense ratio affects returns and its attractiveness to investors. Higher fees could slightly reduce demand.

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