HEF:CA:TSX-Horizons Enhanced Income Financials ETF Common

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 7.83

Change

0.00 (0.00)%

Market Cap

CAD 0.02B

Volume

1.19K

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The investment objective of Horizons HEF is to provide Unitholders with: (a) exposure to the performance of an equal weighted portfolio of Canadian banking, finance and financial services companies; and (b) monthly distributions of dividend and call option income. Horizons HEF will invest primarily in a portfolio of equity and equity related securities of Canadian companies that are primarily exposed to Canadian banking, finance and financial services sectors and that, as at the Constituent Reset Date, are amongst the largest and most liquid issuers listed on the TSX in their sector.

Inception Date: 16/05/2011

Primary Benchmark: N/A

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.83 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-01-12 )

Largest Industry Peers for Financial Services Equity

Symbol Name Mer Price(Change) Market Cap
ZWB:CA BMO Covered Call Canadian Bank.. 0.72 %

+0.16 (+0.90%)

CAD 1.83B
ZEB:CA BMO Equal Weight Banks Index E.. 0.62 %

+0.29 (+1.06%)

CAD 1.37B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

+0.35 (+0.99%)

CAD 1.04B
ZBK:CA BMO Equal Weight US Banks Inde.. 0.39 %

+0.66 (+2.72%)

CAD 0.84B
ZUB:CA BMO Equal Weight US Banks Hedg.. 0.39 %

+0.66 (+2.60%)

CAD 0.55B
FLI:CA First Asset U.S. & Canada Life.. 0.94 %

+0.16 (+1.51%)

CAD 0.16B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

+0.11 (+0.94%)

CAD 0.15B
CIC:CA First Asset CanBanc Income Cla.. 0.84 %

+0.09 (+0.82%)

CAD 0.14B
FSF:CA First Asset Global Financial S.. 1.41 %

N/A

CAD 0.14B
HBG:CA Hamilton Capital Global Bank E.. 1.02 %

+0.41 (+2.15%)

CAD 0.07B

ETFs Containing HEF:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Financial Services Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 3.57% 18% F 59% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 3.57% 18% F 58% F
Trailing 12 Months  
Capital Gain -17.06% 45% F 29% F
Dividend Return 4.62% 90% A- 67% D+
Total Return -12.43% 50% F 33% F
Trailing 5 Years  
Capital Gain -12.32% 11% F 43% F
Dividend Return 15.71% 25% F 42% F
Total Return 3.39% 11% F 41% F
Average Annual (5 Year Horizon)  
Capital Gain -0.63% 32% F 35% F
Dividend Return 2.83% 45% F 42% F
Total Return 3.47% 86% B 59% F
Risk Return Profile  
Volatility (Standard Deviation) 10.54% 41% F 60% D-
Risk Adjusted Return 26.88% 36% F 44% F
Market Capitalization 0.02B 52% F 18% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.