Mackenzie US High Yield Bond Index ETF (CAD-Hedged)
Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY.TO) Stock Overview
Explore Mackenzie US High Yield Bond Index ETF (CAD-Hedged)’s financial performance, market position, analyst ratings, and future outlook.
Key Financials
Key Financials
Market Cap
61.2M
P/E Ratio
N/A
EPS (TTM)
N/A
ROE
0.00%
QHY.TO Stock Analysis & Investment Overview
Our comprehensive AI-powered analysis of Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY.TO) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of F, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.
Our forecasting models predict significant price movements, with a 12-month target of $85.24.
Key financial metrics showcase the company's fundamental strength, including a P/E ratio of N/A and a market capitalization of 61.2M. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.
Company Profile
The fund is passively managed to provide exposure to the high yield segment of the corporate bond market. The index only includes USD-denominated corporate debt that have composite ratings between BB+ and C based on credit scores given by S&P, Moody, and Fitch. Eligible bonds should have a minimum amount outstanding of $400 million and at least 20 months remaining to maturity at the time of inclusion. The resulting portfolio is weighted by market value, with single issuer weights capped at 3%.
2018