Horizons S&P/TSX 60 ETF
HXT (TSX)
The Horizons S&P/TSX 60 ETF (HXT) offers an attractive investment opportunity with the lowest fee at 0.04% after rebate, making it ideal for non-registered accounts due to its tax advantages. This ETF effectively tracks the performance of Canada’s top 60 stocks, combining both growth and value elements, evidenced by impressive returns of 28.19% over the past year and 115.24% over five years. Investors seeking a low-cost, diversified exposure to the Canadian equity market will find HXT a compelling choice.
Pros:
- Lowest fee at 0.04%
- Tracks top 60 Canadian stocks
Cons:
- Limited information on dividend payments
- Market risk associated with equity securities
The Horizons S&P/TSX 60 ETF (HXT) is well-suited for investors looking for low-cost, diversified exposure to the Canadian equity market, particularly those utilizing non-registered accounts to benefit from its tax efficiencies. With strong historical returns, it may appeal to both growth-focused and value-oriented investors.