
TSE:HXQ
This summary was created by AI, based on 1 opinions in the last 12 months.
The Global X NASDAQ-100 Index Corporate Class ETF (HXQ-T) is gaining attention due to its strong performance, aligned with the positive trajectory of the NASDAQ index. One of the key advantages of this fund is its corporate class structure, which provides tax efficiencies for Canadian investors. This structure allows for the deferral of taxes on dividends and other generated income, enabling growth through compounding without immediate tax implications. However, investors are advised to stay informed about the ongoing robustness of this structure, as any changes could impact its efficiency. Overall, the ETF appears to be a compelling option for those looking to capitalize on the NASDAQ's growth while enjoying tax benefits.
We do like HXQ and it is our top pick for a CAD ETF that tracks the NASDAQ-100. We also think XQQ is another good option although it is hedged. XQQU is the unhedged version but it is very new, small and charges a higher fee so we like HXQ better. HXQ is also a 'total return' fund that pays no distributions, and this can be efficient for taxes.
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Global X NASDAQ-100 Index Corporate Class ETF is a Canadian stock, trading under the symbol HXQ.TO (previously HXQ-T on Stockchase) on the Toronto Stock Exchange (HXQ-CT). It is usually referred to as TSX:HXQ or HXQ.TO
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on HXQ.TO (previously HXQ-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Global X NASDAQ-100 Index Corporate Class ETF.
Global X NASDAQ-100 Index Corporate Class ETF was recommended as a Top Pick by Brooke Thackray on 2016-12-13. Read the latest stock experts ratings for Global X NASDAQ-100 Index Corporate Class ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Global X NASDAQ-100 Index Corporate Class ETF.
Global X NASDAQ-100 Index Corporate Class ETF is followed by 45 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-26, Global X NASDAQ-100 Index Corporate Class ETF (HXQ.TO) stock closed at a price of $118.42.
The NASDAQ has been doing great. Structured as a corporate class ETF, which allows for some tax efficiencies in Canadian jurisdictions. You don't have to report dividends, etc. arising from the portfolio, as it all just compounds. Defers tax until you sell, at which time you'll most likely pay capital gains tax.
Keep an eye to make sure this structure continues to be robust in the future.