Key stats
About GLOBAL X INVESTMENTS CANADA INC. CONSERVATIVE ASSET ALLOCATION ETF
Home page
Inception date
Aug 1, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Global X Investments Canada, Inc.
The fund is a fund-of-funds that aims for long-term capital growth using Horizons Total Return Index ETFs (TRI ETFs). The fund targets a 50% allocation to global equities and 50% allocation to North American government, provincial and corporate fixed income securities. The Canadian securities exposure will be 40% at minimum. HCON generally rebalances semi-annually in January and July wherein a portfolio optimization strategy will be employed to select the weightings of TRI ETFs that maximizes risk-adjusted returns. It is worth noting that the fund invests in TRI ETFs that uses derivatives to provide the returns of the index they track (a synthetic exposure) instead of owning the securities directly. Specifically, it uses Total Return Swaps with one or more bank counterparties. HCON will also use currency forwards at all times to hedge its non-Canadian dollar currency exposure to the Canadian dollar.
Related funds
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.78%
Cash0.22%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HCON trades at 14.10 CAD today, its price has risen 0.07% in the past 24 hours. Track more dynamics on HCON price chart.
HCON net asset value is 14.10 today — it's risen 1.36% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HCON assets under management is 34.36 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HCON price has risen by 0.79% over the last month, and its yearly performance shows a 5.38% increase. See more dynamics on HCON price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.36% over the last month, showed a 5.06% increase in three-month performance and has increased by 8.13% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.36% over the last month, showed a 5.06% increase in three-month performance and has increased by 8.13% in a year.
HCON fund flows account for −11.83 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HCON invests in funds. See more details in our Analysis section.
HCON expense ratio is 0.22%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HCON isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HCON technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HCON shows the buy signal. See more of HCON technicals for a more comprehensive analysis.
Today, HCON technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HCON shows the buy signal. See more of HCON technicals for a more comprehensive analysis.
Yes, HCON pays dividends to its holders with the dividend yield of 2.77%.
HCON trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HCON shares are issued by Mirae Asset Global Investments Co., Ltd.
HCON follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 1, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.