Horizons S&P/TSX 60 ETF
HXT (TSX)
The Horizons S&P/TSX 60 ETF (HXT) serves as a core holding for investors looking to gain exposure to Canada’s largest companies, making it a stable choice for both seasoned and new investors. With impressive returns of 31.36% over the past year and 97.35% over five years, HXT is recognized for its efficiency and strong performance. This top-rated ETF is ideal for those seeking growth and stability in their Canadian equity investments.
Pros:
- Direct exposure to large Canadian companies
- Strong historical performance
Cons:
- No regular distributions
- Market risk associated with Canadian equities
The Horizons S&P/TSX 60 ETF (HXT) may be suitable for investors seeking broad exposure to Canada's largest companies with a focus on growth and stability, particularly those comfortable with a non-dividend-paying investment. Its strong historical performance suggests it could be a valuable addition to a diversified portfolio, appealing to both new and experienced investors.
