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Un FNB pour chaque investisseur.

HSAV

FNB Horizons Compte maximiseur d’espèces

Prix
$103.88
$-0.06
-0.06%
Valeur liquidative
$103.4311
$0.0115
0.01%

Indices

Catégorie de Société - Rendement Total

Aperçu du FNB
En savoir plus sur HSAV

QQCC

FNB Horizons Options d’achat couvertes NASDAQ-100

Prix
$9.75
$0.12
1.25%
Valeur liquidative
$9.6692
$-0.0605
-0.62%

Active

Options D'achat Couvertes

Aperçu du FNB
En savoir plus sur QQCC

HAC

FNB Horizons à rotation saisonnière

Prix
$25.48
$0.02
0.08%
Valeur liquidative
$25.4176
$-0.0095
-0.04%

Active

Stratégique

Aperçu du FNB
En savoir plus sur HAC
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ETF Trading Tips

Buying and selling an ETF is pretty straightforward. However, ETF transactions aren’t quite as simple as placing a buy or sell order. Following these three trading tips should allow you to trade ETFs more efficiently and avoid some common trading problems.

Always use a limit order

An ETF’s fair value or net asset value (NAV) is tracked throughout the day by a market maker. The market maker’s function is to ensure that the bid and ask prices for the ETF constantly tracks closely to the NAV throughout the trading day so that buy and sell orders can be executed efficiently regardless of trading volume. However, the market making system is automated and sometimes can experience interruptions where the market maker is not « in » the market to ensure efficient pricing. When this happens, the market maker’s bid and ask prices disappear and the prevailing bid and ask prices at that time are those of other market participants that may not be closely tracking the current NAV. By using a limit order, you can specify the price for buying or selling units/shares and limit the length of time the order is valid before being cancelled.

TIP – consult the ETF provider’s website to determine the previous day’s closing NAV on the ETF you are interested in. This will provide you with a good benchmark as to where the ETF’s NAV should be and where to put in your limit order. If you have access to level 2 depth of market quotes, look for the bid and the offer where there is the most amount of « size » quoted, and place your limit order there.

Avoid trading in the first and last five minutes of the trading day

An ETF is a convenient way to buy a diversified basket or portfolio of securities. The price of the ETF is simply the weighted average price of each of the underlying securities. However, when the market opens, it may take a few minutes for some of these underlying securities to begin trading and have their value reflected in the price of the ETF. At the end of the day, the market maker that keeps an ETF’s value in line with its NAV may be out of the market as it is executing its own closing transactions.

Only execute ETF trades when the underlying market is open

This is particularly important when executing trades in an ETF that tracks a commodity or currency. Commodity and currency markets open and close at different times than North American equity markets which are open from 9:30 a.m. EST – 4:00 p.m. EST. Because ETFs are listed on an equity exchange, it will trade during these times, even though the underlying commodity or currency market could be closed. In order to ensure that you are getting fair pricing to NAV, it is generally best to buy and sell the ETF when the underlying market is open as that’s when the market maker can ensure accurate pricing. Consult the ETF provider’s website for the times that the underlying commodity or currency market is open. This also applies to holidays when a Canadian market might be open and the U.S. market might be closed.

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À Horizons ETFs, nous croyons que l’éducation est synonyme d’autonomisation. Nous nous efforçons de fournir aux investisseurs canadiens les connaissances et les outils dont ils ont besoin pour naviguer dans le monde des placements. Qu’il s’agisse des connaissances de base sur les FNB ou de sujets plus complexes comme le fonctionnement de notre gamme de fonds inverses et à effet de levier, notre bibliothèque d’apprentissage exhaustive vise à être accessible à tous les investisseurs, des débutants aux spéculateurs expérimentés!