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Horizons EURO STOXX 50® Index ETF (HXX-T)
TSE:HXX
56.76
0.23
(0.40%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 2 opinions in the last 12 months.
The Horizons EURO STOXX 50® Index ETF (HXX-T) is an attractive option for investors looking to gain exposure to large-cap European stocks. Notably, it doesn't distribute dividends, instead offering capital gains that are realized upon selling, which enhances tax efficiency for investors. Despite being less popular among Canadian investors, HXX has demonstrated strong performance, with a remarkable rise of 12.9% in Q1 and an overall increase of 23.84% throughout 2023. It boasts a low management expense ratio (MER) of 0.17%, making it an economical choice. The fund has a significant concentration in France and Germany, with its top holdings including well-known companies in consumer goods and financial sectors.
$50.800
Unknown
The simplest way for Canadian investors to participate is through an ETF. To be blunt, these instruments aren't popular with Canadian investors. The daily volumes of the HXX average 2,250 shares, which actually rank higher than fellow Euro ETFs. As a total return ETF, HXX doesn't pay a yield (no worries about taxes), but it charges a rock-bottom MER of 0.17%. Most importantly, HXX rose 12.9% in Q1 and 23.84% in 2023. HXX is most exposed to France with 43% of its holdings, followed by Germany at 25.6%. Consumer goods and financials make up 40% of HXX. Its top holdings are AMSL, LMVH (Louis Vuitton), Total Energies, Sap and Sanofi.
(A Top Pick July 5/17, Up 4%) Banks are big players here, but they’ve gone nowhere because of interest rates where pretty flat. The place to be in the future. Likes it for a taxable account because it doesn’t pay the dividend, it’s one of those total return ETF, the stock price will reflect the accumulated dividend. A key holdings for them on the international side.
(A Top Pick June 1 / 2017 , Up 1%) Gain has gone out of it in last 6 weeks, but they’ll add to their position. Stocks influenced by Euro directly, so Germany and France are #1 and 2. Doesn’t think tax will be put on. Will bounce once trade war rhetoric blows over.
(Past Top Pick on June 1, 2017, Up 2%) This covers countries that carry the Euro (Germany, France, not UK). Tailwind: Germany is running big trade and fiscal surpluses, so Germany could pump prime rates onto the ECB.
The 50 biggest stocks in Europe, so think about it like the S&P 500 in the US. If dealing in futures, the futures contracts on indexes are higher than the risk-free rate of interest is. This means futures are trading in a negative slope.
When you are into an EAFE (See comments under Top Picks for ZEA-T) he likes continental Europe. This one excludes Japan and the UK. It tends to focus on euro focused countries. Thinks France and Germany politically will be in the driver’s seat in the next 6 months.
Zeroing in on Germany and France. In September they expect money to be spread around in Germany.
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Horizons EURO STOXX 50® Index ETF(HXX-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Horizons EURO STOXX 50® Index ETF(HXX-T) Frequently Asked Questions
What is Horizons EURO STOXX 50® Index ETF stock symbol?
Horizons EURO STOXX 50® Index ETF is a Canadian stock, trading under the symbol HXX-T on the Toronto Stock Exchange (HXX-CT). It is usually referred to as TSX:HXX or HXX-T
Is Horizons EURO STOXX 50® Index ETF a buy or a sell?
In the last year, 1 stock analyst published opinions about HXX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Horizons EURO STOXX 50® Index ETF.
Is Horizons EURO STOXX 50® Index ETF a good investment or a top pick?
Horizons EURO STOXX 50® Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons EURO STOXX 50® Index ETF.
Why is Horizons EURO STOXX 50® Index 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 EURO STOXX 50® Index ETF worth watching?
1 stock analyst on Stockchase covered Horizons EURO STOXX 50® Index ETF In the last year. It is a trending stock that is worth watching.
What is Horizons EURO STOXX 50® Index ETF stock price?
On 2025-02-21, Horizons EURO STOXX 50® Index ETF (HXX-T) stock closed at a price of $56.76.
Won't get distributions from dividends. Capital gains accrue when sell. Very tax efficient. Provides good exposure to Europe. Large cap names comprise most of fund.