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Harvest Diversified High Income Shares ETF (HHIS $12.98)
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Harvest Canadian High Income Shares ETF (HHIC $13.44)
Q: How would you rank (HHIS, HHIC) on a scale of 1-10 for total return. Which account type would each be best suited for. Also what are the downside risk for each.
Thank you
Thank you
5i Research Answer:
We have some comments posted on HHIC this morning.
HHIS is similar, but much larger at $750M in assets, with a longer history. Its 3-month return is 19.15% and yield 23.6%. It focuses on a select group of highly volatile US stocks.
Both of these funds will have a high degree of return of capital as part of their distribution. Thus, for most investors, a non-reg account is likely best.
We would give HHIC a 5 and HHIS a 6 for potential return out of 10. These are primarily income products and total return may be less than income as NAV declines.