Horizons S&P/TSX 60 ETF
HXT (TSX)
The Horizons S&P/TSX 60 ETF (HXT) is an attractive option for investors seeking exposure to the top 60 Canadian stocks while benefiting from the lowest fee in its category at just 0.04% after rebate. With impressive returns of 32.48% over the past year and a remarkable 107.87% over five years, this ETF stands out for those looking to maximize tax advantages in non-registered accounts. Its strong performance and cost-effectiveness make it a compelling choice for both seasoned and novice investors.
Pros:
- Lowest fee structure
- Focus on top Canadian stocks
Cons:
- No regular distributions
- Market volatility risk
The Horizons S&P/TSX 60 ETF (HXT) may be suitable for investors seeking low-cost exposure to a diversified portfolio of Canada's largest companies, particularly those focused on tax efficiency in non-registered accounts. Given its strong historical performance and minimal fees, it could appeal to both experienced investors aiming for growth and newer investors looking for a straightforward entry into the Canadian equity market.