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Opinions Don Vialoux
HBP S&P/TSX 60 Index ETFHXT.TOTOP PICKDec 31, 2014
Don VialouxStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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Larry Berman CFA, CMT, CTAHXT-T vs. XIU-T. They have basically identical holding but one pays a dividend so has different tax treatment. He is indifferent. In a TFSA, there is no reason to not to use the XIU-T.
(Past Top Pick, Sept. 21, 2017, Up 11%) It's for people who don't want income/yield (and lead to a better tax position). This ETF is swap-based and adds a little more risk. But he isn't worried about it.
John Hood(Past Top Pick, Sept.1, 2017, Up 11%) Covers the TSX, pays no dividends and charges a very low MER.
John HoodWhat's the difference if I use derivatives with HTX than not? Best to do this in taxable accounts, because you don't receive a dividend per se. With this, a counter-party guarantees that your ETF will generate that rate of return on the swap. The key is who is the counter-party which in this case is National Bank, which he's comfortable with. You don't get cash flow, but you get the exact rate of return on the Canadian equity market appreciation, plus dividend. It's a nice one-stop.
Terry ShaunessyThey are a little different than most other ETFs. This is a swap-based ETF. Basically, a contract between Horizon and National Bank. These are total return ETFs so there is no distribution so very efficient for people making high income.
John HoodHXF-T or HXT-T? He likes both. This one is Toronto, while the other is US. They are basically swap vehicles, which is different from most ETF's where they actually hold the security. There is no distribution, so are for people who want to retain the distributions within the ETF. A great vehicle for someone who is still working and doesn't want the income.
John Hood
The best time to own Canadian stocks relative to US stocks is right around the middle of December through until the middle of March each year. This year in particular looks interesting, because we have seen the TSE Composite slightly outperform the S&P during the last couple of weeks. Of greater importance is the earnings reports coming out during the 4th quarter, where results from the major US companies are not going to be that great.