Horizons S&P/TSX 60 ETF
HXT (TSX)
The Horizons S&P/TSX 60 ETF (HXT) stands out with its remarkably low fee of just 0.04%, making it an attractive choice for investors seeking exposure to top Canadian stocks while enjoying tax advantages in non-registered accounts. Over the past year, HXT has delivered an impressive return of 33.63%, and its five-year performance showcases a remarkable growth of 108.21%. This fund captures a balanced mix of growth and value stocks, effectively tracking the performance of the S&P/TSX 60 Index (Total Return).
Pros:
- Lowest fee at 0.04% after rebate
- Tracks top 60 Canadian stocks
Cons:
- Market volatility risk
- Dependence on Canadian market performance
The Horizons S&P/TSX 60 ETF (HXT) may be suitable for investors looking for a low-cost option to gain exposure to leading Canadian equities without the burden of dividend taxation in non-registered accounts. Its strong historical performance indicates potential for growth, making it a compelling choice for both long-term investors and those focused on capital appreciation.