HBP S&P/TSX 60 Index ETF (HXT-T) Stock Predictions - Stockchase
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HBP S&P/TSX 60 Index ETF (HXT-T)

ON STOCKCHASE SINCE Dec 2010

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HBP S&P/TSX 60 Index ETF

HXT-T

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HBP S&P/TSX 60 Index ETF (HXT-T) SAVE Apr, 19, 2019, 8:00 am

36.11 0.12 (0.33%)

What the experts are saying about HXT-T



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COMMENT
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.
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John Hood

President , J. C Hood Investment...

Price Price
$30.860
Owned Owned
No

BUY
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.
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John Hood

President , J. C Hood Investment...

Price Price
$32.480
Owned Owned
Unknown

TOP PICK

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.

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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$32.520
Owned Owned
No

COMMENT

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.  

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$34.380
Owned Owned
No

PAST TOP PICK

(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.

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John Hood

President , J. C Hood Investment...

Price Price
$34.160
Owned Owned
Yes

PAST TOP PICK

(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.

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John Hood

President , J. C Hood Investment...

Price Price
$33.950
Owned Owned
Yes

COMMENT

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.

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Terry Shaunessy

President , Shaunessy Investment...

Price Price
$33.710
Owned Owned
Yes

HOLD

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.  

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John Hood

President , J. C Hood Investment...

Price Price
$31.060
Owned Owned
Yes

BUY

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.

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John Hood

President , J. C Hood Investment...

Price Price
$33.810
Owned Owned
Yes

BUY

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.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$33.840
Owned Owned
Unknown

TOP PICK

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.

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John Hood

President , J. C Hood Investment...

Price Price
$30.740
Owned Owned
Yes

COMMENT

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).

E.T.F.'s
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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).

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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$31.260
Owned Owned
Unknown

COMMENT

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.

E.T.F.'s
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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.

E.T.F.'s
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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$31.480
Owned Owned
Unknown

COMMENT

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.

E.T.F.'s
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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.

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John DeGoey

Portfolio , Industrial Alliance ...

Price Price
$24.820
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick April 14/15. Down 2.35%.) Most markets peak on May 5, but the TSE Composite actually peaks on May 29. If you have invested in this, now would be a good time to consider making your move into more conservative investments, preferably cash, bonds, short-term notes, etc.

E.T.F.'s
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(A Top Pick April 14/15. Down 2.35%.) Most markets peak on May 5, but the TSE Composite actually peaks on May 29. If you have invested in this, now would be a good time to consider making your move into more conservative investments, preferably cash, bonds, short-term notes, etc.

E.T.F.'s
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$28.230
Owned Owned
No

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