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HXF

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1d
1w
1m

Analysis and statistics

  • Open
    97.4252$
  • Previous Close
    97.3713$
  • 52 Week Change
    --
  • Day Range
    0.05$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

HXF.TO is the Horizons S&P/TSX 60 Index ETF. This exchange-traded fund aims to replicate, to the extent possible, the performance of the S&P/TSX 60 Index, net of expenses. The S&P/TSX 60 Index is designed to measure the performance of the 60 largest companies in Canada traded on the Toronto Stock Exchange (TSX). Therefore, HXF.TO offers investors a convenient way to gain exposure to a diversified portfolio of leading Canadian companies across various sectors.
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Factors

Underlying Index Performance: HXF.TO tracks the S&P 500 index. The price of HXF.TO will rise and fall based on the performance of the S&P 500.

Currency Fluctuations: As HXF.TO holds US equities, changes in the CAD/USD exchange rate will affect its price. A stronger Canadian dollar will lower the price, while a weaker one increases it.

Supply and Demand: Basic market forces influence ETF prices. Higher demand pushes the price up, while increased selling pressure lowers it.

Management Fees: While not directly impacting daily price changes, the MER (Management Expense Ratio) gradually reduces returns over time.

Trading Volume: Higher trading volume generally indicates better liquidity and price discovery. Low volume can lead to wider bid-ask spreads.

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