HBP S&P/TSX 60 Index ETF

HXT-T

Analysis and Opinions about HXT-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 20, 2019
(A Top Pick Oct 18/18, Up 9%) At the time they were feeling pretty good about Canada and they still are. Total return swap. Derivative contracts. The cheapest ETF in Canada at only 0.03% MER. Because of the uncertainty around its derivative structure its hard to say if its tax efficiency will cary forward in exactly the same way.
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(A Top Pick Oct 18/18, Up 9%) At the time they were feeling pretty good about Canada and they still are. Total return swap. Derivative contracts. The cheapest ETF in Canada at only 0.03% MER. Because of the uncertainty around its derivative structure its hard to say if its tax efficiency will cary forward in exactly the same way.
COMMENT
COMMENT
January 2, 2019
An inverse ETF such as XIV-N might be leveraged -- and he will never touch leveraged funds. XIV-N was actually liquidated as investors lost 90% of their investment. He thinks HXT-T is non-leveraged. You can be on the right side of the market, yet still lose money on a leveraged fund. The leveraged funds are really for day traders only.
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An inverse ETF such as XIV-N might be leveraged -- and he will never touch leveraged funds. XIV-N was actually liquidated as investors lost 90% of their investment. He thinks HXT-T is non-leveraged. You can be on the right side of the market, yet still lose money on a leveraged fund. The leveraged funds are really for day traders only.
BUY
BUY
December 4, 2018
They do a complicated derivative swap, so what happens if there's a default? Yes, this is a swapped-based ETF, which means you don't get paid any dividend. It's a swap; complicated, but basically you get the same return as the index. Horizons has been doing this kind of ETF for a long time. He's comfortable with this ETF.
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They do a complicated derivative swap, so what happens if there's a default? Yes, this is a swapped-based ETF, which means you don't get paid any dividend. It's a swap; complicated, but basically you get the same return as the index. Horizons has been doing this kind of ETF for a long time. He's comfortable with this ETF.
John Hood

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Price
$32.480
Owned
Unknown
TOP PICK
TOP PICK
October 18, 2018

A play on the blue chip stocks. It is Canada's cheapest at 3 basis points. It is swap based so pays no dividends. Canada is one of the better priced markets in the world.

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A play on the blue chip stocks. It is Canada's cheapest at 3 basis points. It is swap based so pays no dividends. Canada is one of the better priced markets in the world.

COMMENT
COMMENT
August 31, 2018

This is a great representation of the TSX60. It is swap based, so this will not lead to any taxable distributions and a low MER.

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This is a great representation of the TSX60. It is swap based, so this will not lead to any taxable distributions and a low MER.

PAST TOP PICK
PAST TOP PICK
August 15, 2018

(Past Top Pick, Sept. 21, 2017, Up 11%) It's for people who don't want income/yield (and lead to a better tax position). This ETF is swap-based and adds a little more risk. But he isn't worried about it.

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(Past Top Pick, Sept. 21, 2017, Up 11%) It's for people who don't want income/yield (and lead to a better tax position). This ETF is swap-based and adds a little more risk. But he isn't worried about it.

PAST TOP PICK
PAST TOP PICK
June 13, 2018

(Past Top Pick, Sept.1, 2017, Up 11%) Covers the TSX, pays no dividends and charges a very low MER.

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(Past Top Pick, Sept.1, 2017, Up 11%) Covers the TSX, pays no dividends and charges a very low MER.

COMMENT
COMMENT
May 15, 2018

What's the difference if I use derivatives with HTX than not? Best to do this in taxable accounts, because you don't receive a dividend per se. With this, a counter-party guarantees that your ETF will generate that rate of return on the swap. The key is who is the counter-party which in this case is National Bank, which he's comfortable with. You don't get cash flow, but you get the exact rate of return on the Canadian equity market appreciation, plus dividend. It's a nice one-stop.

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What's the difference if I use derivatives with HTX than not? Best to do this in taxable accounts, because you don't receive a dividend per se. With this, a counter-party guarantees that your ETF will generate that rate of return on the swap. The key is who is the counter-party which in this case is National Bank, which he's comfortable with. You don't get cash flow, but you get the exact rate of return on the Canadian equity market appreciation, plus dividend. It's a nice one-stop.

HOLD
HOLD
February 9, 2018

They are a little different than most other ETFs. This is a swap-based ETF. Basically, a contract between Horizon and National Bank. These are total return ETFs so there is no distribution so very efficient for people making high income.

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They are a little different than most other ETFs. This is a swap-based ETF. Basically, a contract between Horizon and National Bank. These are total return ETFs so there is no distribution so very efficient for people making high income.

BUY
BUY
January 19, 2018

HXF-T or HXT-T? He likes both. This one is Toronto, while the other is US. They are basically swap vehicles, which is different from most ETF's where they actually hold the security. There is no distribution, so are for people who want to retain the distributions within the ETF. A great vehicle for someone who is still working and doesn't want the income.

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HXF-T or HXT-T? He likes both. This one is Toronto, while the other is US. They are basically swap vehicles, which is different from most ETF's where they actually hold the security. There is no distribution, so are for people who want to retain the distributions within the ETF. A great vehicle for someone who is still working and doesn't want the income.

BUY
BUY
January 15, 2018

HXS-T and HXT-T in a non-registered account. He likes this strategy based on a total return swap. You only pay capital gains tax. There is no distribution. If you believe the markets will go higher for a number of years these are great instruments. A buy and hold for many years.

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HXS-T and HXT-T in a non-registered account. He likes this strategy based on a total return swap. You only pay capital gains tax. There is no distribution. If you believe the markets will go higher for a number of years these are great instruments. A buy and hold for many years.

TOP PICK
TOP PICK
September 1, 2017

This is extremely low cost. What is different about Horizons products is that they are a total return index. This is for someone who doesn’t want the income. There is no distribution, therefore there is no tax. It is all done with a SWAP. All you have to do is go onto Horizons website where there are a couple of really good concise explanations of what they are doing. 100% of it stays with their custodian and they do the SWAP thing, and their counter-parties are National Bank and CIBC.

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This is extremely low cost. What is different about Horizons products is that they are a total return index. This is for someone who doesn’t want the income. There is no distribution, therefore there is no tax. It is all done with a SWAP. All you have to do is go onto Horizons website where there are a couple of really good concise explanations of what they are doing. 100% of it stays with their custodian and they do the SWAP thing, and their counter-parties are National Bank and CIBC.

COMMENT
COMMENT
April 27, 2017

This is a derivative play, which has scared some people. It holds the dividend and builds it into the capital costs. If you are not looking for income, this is not bad. Another one you could consider is the iShares TSX 60 (XIU-T).

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This is a derivative play, which has scared some people. It holds the dividend and builds it into the capital costs. If you are not looking for income, this is not bad. Another one you could consider is the iShares TSX 60 (XIU-T).

COMMENT
COMMENT
March 29, 2017

It tracks the same index as the XIU-T. There is a major difference in terms of structure. HXT-T is structured around a total return swap. This allows them to run it very cheaply (3 basis points). It does not pay a dividend and accrues the yield to the NAV. It is tax efficient compared to XIU-T.

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It tracks the same index as the XIU-T. There is a major difference in terms of structure. HXT-T is structured around a total return swap. This allows them to run it very cheaply (3 basis points). It does not pay a dividend and accrues the yield to the NAV. It is tax efficient compared to XIU-T.

COMMENT
COMMENT
February 26, 2016

It uses forward contacts to replicate the return of the TSX 60. It tracks the TSX 60. He is not sure how the holdings’ dividends are treated for tax purposes.

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It uses forward contacts to replicate the return of the TSX 60. It tracks the TSX 60. He is not sure how the holdings’ dividends are treated for tax purposes.

Showing 1 to 15 of 29 entries

HBP S&P/TSX 60 Index ETF(HXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for HBP S&P/TSX 60 Index ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

HBP S&P/TSX 60 Index ETF(HXT-T) Frequently Asked Questions

What is HBP S&P/TSX 60 Index ETF stock symbol?

HBP S&P/TSX 60 Index ETF is a Canadian stock, trading under the symbol HXT-T on the Toronto Stock Exchange (HXT-CT). It is usually referred to as TSX:HXT or HXT-T

Is HBP S&P/TSX 60 Index ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about HXT-T. 1 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for HBP S&P/TSX 60 Index ETF.

Is HBP S&P/TSX 60 Index ETF a good investment or a top pick?

HBP S&P/TSX 60 Index ETF was recommended as a Top Pick by Daniel Straus on 2019-08-20. Read the latest stock experts ratings for HBP S&P/TSX 60 Index ETF.

Why is HBP S&P/TSX 60 Index ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is HBP S&P/TSX 60 Index ETF worth watching?

1 stock analyst on Stockchase covered HBP S&P/TSX 60 Index ETF In the last year. It is a trending stock that is worth watching.

What is HBP S&P/TSX 60 Index ETF stock price?

On 2020-02-27, HBP S&P/TSX 60 Index ETF (HXT-T) stock closed at a price of $37.11.