Description

The HMP ETF aims to deliver a compelling balance of risk and reward for investors, with a primary objective of generating significant income. It achieves this by predominantly investing in Canadian municipal bonds, all denominated in Canadian dollars. This asset class is recognized for its inherent stability and reliability, featuring a characteristically low risk of default, often even lower than investment-grade corporate bonds. These municipal securities also typically offer more appealing yields than comparable federal and provincial government bonds. Fiera Capital, the sub-advisor, employs independent credit analysis to meticulously select issuers demonstrating high quality and attractive yield, alongside maintaining tactical allocation flexibility to proactively manage any non-rated risks within the portfolio.