
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) has garnered positive reviews from experts due to its strong performance linked to the NASDAQ market. Its structure as a corporate class ETF offers significant tax efficiencies for Canadian investors, allowing for the deferral of taxes until the sale of investments, thus enabling the compounding of dividends without immediate tax implications. This feature is particularly appealing for investors looking to maximize their returns while minimizing their tax liabilities. However, it is crucial for investors to monitor the robustness of this structure in the future to ensure that these benefits remain intact. Overall, the ETF is positioned well within the market, but continuous evaluation is essential.
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 published opinions about HXQ.TO (previously HXQ-T on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation 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 help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Global X NASDAQ-100 Index Corporate Class ETF in the last year. It is a trending stock that is worth watching.
On 2026-06-05, Global X NASDAQ-100 Index Corporate Class ETF (HXQ.TO) stock closed at a price of $116.32.
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.