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Opinions John Hood
HBP S&P/TSX 60 Index ETFHXT.TOTOP PICKSep 01, 2017
John HoodStock 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
This is extremely low cost. What is different about Horizons products is that they are a total return index. This is for someone who doesn’t want the income. There is no distribution, therefore there is no tax. It is all done with a SWAP. All you have to do is go onto Horizons website where there are a couple of really good concise explanations of what they are doing. 100% of it stays with their custodian and they do the SWAP thing, and their counter-parties are National Bank and CIBC.