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

Spinoff portfolio beats the S&P 500

One of the reasons we like spinoffs so much is that academic studies often show that both the parent and the new company created by the spinoff generally do better than comparable firms for at least several years after the split takes place.
For example, a.. Read More