This summary was created by AI, based on 2 opinions in the last 12 months.
Experts have cautioned investors about stretched valuations for the NASDAQ and recommended being cautious. They have also highlighted the higher expense ratio of 28 bps for HXQ-T, suggesting there are strategies with lower expense ratios available. The ETF holds big tech names like Amazon, Apple, and Tesla which have contributed to its positive performance. However, it is noted that only Microsoft has outperformed the market since 2000, indicating some limitations in HXQ-T's performance.
Investors have been rewarded, but valuations are stretched for the NASDAQ, so be careful. Higher expense ratio of 28 bps, there are strategies out there with lower expense.
In CAD and USD, and charges an MER of 0.28%. Own this in a non-registered account. Holds the big tech names like Amazon, Apple and Tesla. HXQ has done well this year, but a caveat is that only Microsoft has outperformed the market since 2000.
(Top Pick Dec 13/16, Up 8.02%) He has hung on past the end of the seasonal period by a month and is moving his stop up tighter and tighter.
This represents the NASDAQ 100, and NASDAQ stocks tend to perform well from mid December into January. Part of that is technology.
Horizons NASDAQ-100 Index ETF is a Canadian stock, trading under the symbol HXQ-T on the Toronto Stock Exchange (HXQ-CT). It is usually referred to as TSX:HXQ or HXQ-T
In the last year, 2 stock analysts published opinions about HXQ-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Horizons NASDAQ-100 Index ETF.
Horizons NASDAQ-100 Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons NASDAQ-100 Index 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.
2 stock analysts on Stockchase covered Horizons NASDAQ-100 Index ETF In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Horizons NASDAQ-100 Index ETF (HXQ-T) stock closed at a price of $81.82.
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.
Unlock Premium - Try 5i Free