Horizons S&P/TSX 60 Equal Weight ETF

HEW-T

Analysis and Opinions about HEW-T

Signal
Opinion
Expert
COMMENT
COMMENT
October 15, 2018

HEW-T vx. XIU-T: Their performances are the safe, but HEW cost 61 basis points vs. XIU's 12. Get XIU...or XST.

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HEW-T vx. XIU-T: Their performances are the safe, but HEW cost 61 basis points vs. XIU's 12. Get XIU...or XST.

DON'T BUY
DON'T BUY
December 16, 2016

This is one that he bought and sold poorly. He owned the S&P 500 Equal Weight in the US, and tends to like equally weighted big indexes because they tend to perform benchmarks. The TSX 60 is not a great index. It is dominated by some big companies, but you have a lot of junk in there too. When you equally weight these things, it would be better if this were 40 or 50 stocks rather than 60, because it would get rid of all the junk at the bottom. You are far better to just buy the 3 sectors, energy, financials and materials, and balance them whatever way you want.

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This is one that he bought and sold poorly. He owned the S&P 500 Equal Weight in the US, and tends to like equally weighted big indexes because they tend to perform benchmarks. The TSX 60 is not a great index. It is dominated by some big companies, but you have a lot of junk in there too. When you equally weight these things, it would be better if this were 40 or 50 stocks rather than 60, because it would get rid of all the junk at the bottom. You are far better to just buy the 3 sectors, energy, financials and materials, and balance them whatever way you want.

PAST TOP PICK
PAST TOP PICK
September 23, 2015

(A Top Pick July 22/14. Down 16.9%) This was less with banks and more with energy and resources. In the summer of 2014 he thought we would have a more typical recovery.

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(A Top Pick July 22/14. Down 16.9%) This was less with banks and more with energy and resources. In the summer of 2014 he thought we would have a more typical recovery.

PAST TOP PICK
PAST TOP PICK
January 21, 2015

(Top Pick Jan 14/14, Up 6.69%) He wanted to take the emphasis off banks so went with equal weight. He wants to keep the trade on.

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(Top Pick Jan 14/14, Up 6.69%) He wanted to take the emphasis off banks so went with equal weight. He wants to keep the trade on.

TOP PICK
TOP PICK
July 22, 2014

(A Top Pick July 24/13. Up 18.77%.) Likes this because it de-emphasizes financials a little bit. As the property market flattens out, some of the profitability of Canadian banks flattens out as well. The leadership is more with energy and materials.

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(A Top Pick July 24/13. Up 18.77%.) Likes this because it de-emphasizes financials a little bit. As the property market flattens out, some of the profitability of Canadian banks flattens out as well. The leadership is more with energy and materials.

TOP PICK
TOP PICK
January 14, 2014

He likes this because an equal weighted index, unlike a market cap index, is that each portion in this is worth 1/60 which deemphasizes financials and tends to emphasizes cyclicals. He sees a cycle coming and feels this will do better than the market weighted ETF. Banks are 40% of the index in Canada and he sees them going sideways.

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He likes this because an equal weighted index, unlike a market cap index, is that each portion in this is worth 1/60 which deemphasizes financials and tends to emphasizes cyclicals. He sees a cycle coming and feels this will do better than the market weighted ETF. Banks are 40% of the index in Canada and he sees them going sideways.

TOP PICK
TOP PICK
July 24, 2013

One of the reasons he likes equally weighted indexes is that over the next 18 months he feels the breadth of the market will widen. That means more stocks will start to participate. If you get a broader market, an index that is composed of equal weighted constituents, tends to do much better than the market capitalization. Each one of these things is 1/60th of the portfolio. This reduces the exposure to banks and picks up the energy and materials side and some of the more cyclicals.

Show full opinionHide full opinion

One of the reasons he likes equally weighted indexes is that over the next 18 months he feels the breadth of the market will widen. That means more stocks will start to participate. If you get a broader market, an index that is composed of equal weighted constituents, tends to do much better than the market capitalization. Each one of these things is 1/60th of the portfolio. This reduces the exposure to banks and picks up the energy and materials side and some of the more cyclicals.

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Horizons S&P/TSX 60 Equal Weight ETF(HEW-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/TSX 60 Equal Weight 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.

Horizons S&P/TSX 60 Equal Weight ETF(HEW-T) Frequently Asked Questions

What is Horizons S&P/TSX 60 Equal Weight ETF stock symbol?

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

Is Horizons S&P/TSX 60 Equal Weight ETF a buy or a sell?

In the last year, there was no coverage of Horizons S&P/TSX 60 Equal Weight ETF published on Stockchase.

Is Horizons S&P/TSX 60 Equal Weight ETF a good investment or a top pick?

Horizons S&P/TSX 60 Equal Weight ETF was recommended as a Top Pick by John Hood on 2018-10-15. Read the latest stock experts ratings for Horizons S&P/TSX 60 Equal Weight ETF.

Why is Horizons S&P/TSX 60 Equal Weight 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 Horizons S&P/TSX 60 Equal Weight ETF worth watching?

In the last year 0 stock analyst on Stockchase covered Horizons S&P/TSX 60 Equal Weight ETF. The stock is worth watching.

What is Horizons S&P/TSX 60 Equal Weight ETF stock price?

On 2020-03-24, Horizons S&P/TSX 60 Equal Weight ETF (HEW-T) stock closed at a price of $10.05.