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HSD

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1d
1w
1m

Analysis and statistics

  • Open
    12.7971$
  • Previous Close
    12.7971$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

HSD.TO represents the Horizons S&P/TSX 60 Equal Weight Index ETF, traded on the Toronto Stock Exchange (TSX). This exchange-traded fund aims to replicate the performance of the S&P/TSX 60 Equal Weight Index, which is a modified version of the S&P/TSX 60 Index. The crucial difference is that instead of being weighted by market capitalization like the standard S&P/TSX 60, HSD.TO invests in the same 60 largest publicly traded Canadian companies but gives each company an equal weighting in the portfolio. This approach can offer more diversified exposure and potentially reduce concentration risk associated with market-cap-weighted indexes. The ETF distributes dividends and is designed for investors seeking broad exposure to the Canadian equity market with a specific focus on equal weighting among its largest constituents.
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Factors

Underlying Holdings: HSD.TO's price is heavily influenced by the performance of the underlying high dividend stocks it holds.

Interest Rate Changes: Rising interest rates can make dividend stocks less attractive, potentially lowering HSD.TO's price.

Dividend Yields: Changes in dividend yields of underlying stocks impact HSD.TO's yield and therefore its price.

Market Sentiment: Overall market optimism or pessimism can affect investor demand for dividend ETFs like HSD.TO.

Economic Conditions: Economic growth or recession can impact the profitability and dividend payouts of underlying companies, affecting HSD.TO.

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