Horizons S&P 500

HXS-T

Analysis and Opinions about HXS-T

Signal
Opinion
Expert
COMMENT
COMMENT
February 11, 2020
Do the new swap ETFs have the same tax advantage? Go to the Horizons webpage to find out exactly. This was a total return swap, meaning it didn't hold the physical shares directly. Effectively, the distributions became capital gains. But Canada Revenue said no to that--can't do that anymore. So, Horizon has changed the structure of these swap ETFs into a corporate-class share structure (mutual funds do this). This is still an ETF and doesn't effect the fee. But will CRA allow this going forward? He doesn't know.
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Horizons S&P 500 (HXS-T)
February 11, 2020
Do the new swap ETFs have the same tax advantage? Go to the Horizons webpage to find out exactly. This was a total return swap, meaning it didn't hold the physical shares directly. Effectively, the distributions became capital gains. But Canada Revenue said no to that--can't do that anymore. So, Horizon has changed the structure of these swap ETFs into a corporate-class share structure (mutual funds do this). This is still an ETF and doesn't effect the fee. But will CRA allow this going forward? He doesn't know.
COMMENT
COMMENT
December 6, 2018
The S&P 500. He has never heard of a triple bottom. You can't hang your hat on it. It is based on statistics. A triple bottom has high odds of not holding. It is a fantastic way to gain exposure but no matter how they structure it, you are still buying the S&P 500.
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Horizons S&P 500 (HXS-T)
December 6, 2018
The S&P 500. He has never heard of a triple bottom. You can't hang your hat on it. It is based on statistics. A triple bottom has high odds of not holding. It is a fantastic way to gain exposure but no matter how they structure it, you are still buying the S&P 500.
HOLD
HOLD
March 22, 2018

He likes the S&P500. He hasn’t sold anything. This is interesting because this is a total return swap. There are no distributions here. No income. No withholding taxes which is good for RRSPs.

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He likes the S&P500. He hasn’t sold anything. This is interesting because this is a total return swap. There are no distributions here. No income. No withholding taxes which is good for RRSPs.

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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Horizons S&P 500 (HXS-T)
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.

COMMENT
COMMENT
November 23, 2017

HXS-T vs. XUS-T vs. VUN-T. HXF is the financial swap based ETF and the swap fee has a fee of zero. It is Canadian bank that is doing the swaps. When you sell it down the line you will have compounded the yield. There are reasons to buy into Canadian financials at this time. HXF is a good idea.

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Horizons S&P 500 (HXS-T)
November 23, 2017

HXS-T vs. XUS-T vs. VUN-T. HXF is the financial swap based ETF and the swap fee has a fee of zero. It is Canadian bank that is doing the swaps. When you sell it down the line you will have compounded the yield. There are reasons to buy into Canadian financials at this time. HXF is a good idea.

PAST TOP PICK
PAST TOP PICK
August 4, 2016

(Top Pick Aug 07/15, Up 5.11%) There are no distributions. All you get is the total return of capital gains. The ETF is based on a swap.

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(Top Pick Aug 07/15, Up 5.11%) There are no distributions. All you get is the total return of capital gains. The ETF is based on a swap.

COMMENT
COMMENT
December 21, 2015

This tracks the S&P 500. Horizons is one of the real leaders in keeping the costs low. The US$ continues to hit new highs. If this is a long-term hold, it will probably be worthwhile.

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Horizons S&P 500 (HXS-T)
December 21, 2015

This tracks the S&P 500. Horizons is one of the real leaders in keeping the costs low. The US$ continues to hit new highs. If this is a long-term hold, it will probably be worthwhile.

COMMENT
COMMENT
August 7, 2015

Normally his clients tend to want dividends, but there are a lot of people who don’t because of tax reasons. They don’t need the income and they don’t want the investment income and would much rather have a total return concept like this. For individual investors he thinks this is a very good product. (See Top Picks.)

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Normally his clients tend to want dividends, but there are a lot of people who don’t because of tax reasons. They don’t need the income and they don’t want the investment income and would much rather have a total return concept like this. For individual investors he thinks this is a very good product. (See Top Picks.)

TOP PICK
TOP PICK
August 7, 2015

He is quite comfortable with this. Their counterparty on this is National Bank (NA-T). This is a total return which means that all the distributions, especially in a non-registered account, are going back into the ETF adjusting and increasing the NAV which reduces its taxable position. There is no tax aspect to the US, and you are not paying any dividend tax.

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He is quite comfortable with this. Their counterparty on this is National Bank (NA-T). This is a total return which means that all the distributions, especially in a non-registered account, are going back into the ETF adjusting and increasing the NAV which reduces its taxable position. There is no tax aspect to the US, and you are not paying any dividend tax.

PAST TOP PICK
PAST TOP PICK
May 5, 2015

(A Top Pick March 23/15. Down 4.26%.) Towards the end of the seasonal period, some sectors start to fall off. He had started to see the whole sector for industrials falling off early. Usually they run until May, but when they start to fall off early, it is telling something about the market. He uses this as a holding place, unless there is something else to be invested in at the time.

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(A Top Pick March 23/15. Down 4.26%.) Towards the end of the seasonal period, some sectors start to fall off. He had started to see the whole sector for industrials falling off early. Usually they run until May, but when they start to fall off early, it is telling something about the market. He uses this as a holding place, unless there is something else to be invested in at the time.

TOP PICK
TOP PICK
March 23, 2015

S&P 500 tracking, hedging the currency. The broad market is not a bad place to be right now. The S&P tends to outperform the TSX this time of year. A one to two month hold.

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S&P 500 tracking, hedging the currency. The broad market is not a bad place to be right now. The S&P tends to outperform the TSX this time of year. A one to two month hold.

PAST TOP PICK
PAST TOP PICK
May 9, 2014

(Top Pick Mar 13/14, Up 0.53%) Hedged to Canadian dollar. He exited this position this week.

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(Top Pick Mar 13/14, Up 0.53%) Hedged to Canadian dollar. He exited this position this week.

TOP PICK
TOP PICK
March 13, 2014

This is hedged to the Cdn$. He is expecting equity markets to continue moving higher. Historically the best time to own the US market is from March through until the end of April. Any kind of weakness in the next week or so would be an opportunity to Buy. This is the spring buying season when people buy cars, houses, etc.

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This is hedged to the Cdn$. He is expecting equity markets to continue moving higher. Historically the best time to own the US market is from March through until the end of April. Any kind of weakness in the next week or so would be an opportunity to Buy. This is the spring buying season when people buy cars, houses, etc.

COMMENT
COMMENT
October 15, 2013

There are risks associated with the swap structure and you have to be aware of them. You could by an alternate at 8 basis points instead of this on at 30.

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Horizons S&P 500 (HXS-T)
October 15, 2013

There are risks associated with the swap structure and you have to be aware of them. You could by an alternate at 8 basis points instead of this on at 30.

TOP PICK
TOP PICK
October 11, 2013

Easiest way for a Canadian to be invested in the US market. Trades in Cdn$’s on a Cdn exchange and is protected against currency changes. An easy way to play the seasonal trade in the S&P 500. The S&P 500 has an upward trend and, as of today, went above its 20 day moving average. Starting to look really interesting for the start of the seasonal trade.

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Horizons S&P 500 (HXS-T)
October 11, 2013

Easiest way for a Canadian to be invested in the US market. Trades in Cdn$’s on a Cdn exchange and is protected against currency changes. An easy way to play the seasonal trade in the S&P 500. The S&P 500 has an upward trend and, as of today, went above its 20 day moving average. Starting to look really interesting for the start of the seasonal trade.

Showing 1 to 15 of 17 entries

Horizons S&P 500(HXS-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Horizons S&P 500 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.

Horizons S&P 500(HXS-T) Frequently Asked Questions

What is Horizons S&P 500 stock symbol?

Horizons S&P 500 is a Canadian stock, trading under the symbol HXS-T on the Toronto Stock Exchange (HXS-CT). It is usually referred to as TSX:HXS or HXS-T

Is Horizons S&P 500 a buy or a sell?

In the last year, there was no coverage of Horizons S&P 500 published on Stockchase.

Is Horizons S&P 500 a good investment or a top pick?

Horizons S&P 500 was recommended as a Top Pick by John Hood on 2020-02-11. Read the latest stock experts ratings for Horizons S&P 500.

Why is Horizons S&P 500 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 Horizons S&P 500 worth watching?

0 stock analysts on Stockchase covered Horizons S&P 500 In the last year. It is a trending stock that is worth watching.

What is Horizons S&P 500 stock price?

On 2020-07-10, Horizons S&P 500 (HXS-T) stock closed at a price of $84.33.