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ZHP

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1m

Analysis and statistics

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About

ZHP.TO represents the Horizons High Yield US Corporate Bond ETF, an exchange-traded fund listed on the Toronto Stock Exchange. This ETF aims to replicate, to the extent possible, the performance of the Solactive US Corporate Bond CAD Hedged Index, net of expenses. The index is designed to represent the performance of US dollar denominated, investment grade and high yield corporate bonds, hedged back to Canadian dollars. The ETF provides Canadian investors exposure to the US corporate bond market while mitigating currency risk.
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Factors

Under 1200 Characters. Underlying Holdings: ZHP.TO's price mirrors its holdings, primarily Canadian high-yield corporate bonds. Their credit quality, interest rates, and market sentiment influence the ETF's value. Interest Rate Changes: Rising interest rates typically decrease bond values, lowering ZHP.TO's price. Credit Spreads: Widening credit spreads (difference between high-yield and safer bonds) signal higher risk, reducing demand and ZHP.TO's price. Supply and Demand: Market demand for ZHP.TO versus available units affects its price. High demand can push it above its net asset value (NAV).

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