Q: Hi, Pat. My question relates to the Horizons Active Preferred Share ETF. Compared to holding the preferred shares of individual companies, does an ETF like this provide any advantages? Is this the best one to buy if you want to buy such an ETF? Thanks!

A: Preferred shares behave more like long-term fixed-income instruments rather than short-term instruments. So while short-term interest rates are still relatively low, the outlook for long-term interest rates is less certain.

The underlying credit quality of preferred share issuers can be a negative factor in some… Read More

Focus on long-term value

Many investors think of our “stocks of the year” as sure-fire picks that are bound to be among the year’s biggest winners. Some of our past selections have lived up to that billing, but that’s not what I expect of them. Instead, I look for… Read More