GLOBAL X ACTIVE CDN MUN BD ETF UNIT CL EGLOBAL X ACTIVE CDN MUN BD ETF UNIT CL EGLOBAL X ACTIVE CDN MUN BD ETF UNIT CL E

GLOBAL X ACTIVE CDN MUN BD ETF UNIT CL E

No trades
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Key stats


Assets under management (AUM)
‪29.05 M‬CAD
Fund flows (1Y)
‪−6.05 M‬CAD
Dividend yield (indicated)
2.89%
Discount/Premium to NAV
0.06%
Shares outstanding
‪2.99 M‬
Expense ratio
0.35%

About GLOBAL X ACTIVE CDN MUN BD ETF UNIT CL E


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Home page
Inception date
Aug 12, 2015
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund actively invests in a portfolio of Canadian municipal bonds dominated in CAD. The advisor uses credit analysis and fundamental credit research in selecting securities and maintaining diversification over issuers, however, the fund tilts more heavily towards Qubec municipal bonds due to the large number of Qubec issuers in the Canadian market. In seeking to achieve a liquid portfolio, the fund may also hold cash and cash equivalents or debt obligations issued or guaranteed by the government of Canada up to 20% of the portfolio. Since the fund is actively managed, allocation and maturity is at the discretion of the manager. The fund is designed for investors who are seeking a high level of income from a diversified portfolio delivering efficient exposure to the potential of municipal bonds issued in Canada.

Broaden your horizons with more funds linked to HMP via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Municipal
Stock breakdown by region
100%
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.
HMP trades at 9.73 CAD today, its price has fallen −0.10% in the past 24 hours. Track more dynamics on HMP price chart.
HMP net asset value is 9.71 today — it's risen 0.45% 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.
HMP assets under management is ‪29.05 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.
HMP price has risen by 0.10% over the last month, and its yearly performance shows a 3.51% increase. See more dynamics on HMP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.45% over the last month, showed a 0.42% increase in three-month performance and has increased by 6.01% in a year.
HMP fund flows account for ‪−6.05 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.
HMP invests in bonds. See more details in our Analysis section.
HMP expense ratio is 0.35%. 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, HMP 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, HMP 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 HMP shows the buy signal. See more of HMP technicals for a more comprehensive analysis.
Yes, HMP pays dividends to its holders with the dividend yield of 2.89%.
HMP trades at a premium (0.06%).
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.
HMP shares are issued by Mirae Asset Global Investments Co., Ltd.
HMP 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 12, 2015.
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.