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XHAK

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1d
1w
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Analysis and statistics

  • Open
    51.4483$
  • Previous Close
    51.4483$
  • 52 Week Change
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  • Day Range
    0.00$
  • 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

XHAK.TO is the Horizons Equal Weight Technology Index ETF. This ETF trades on the Toronto Stock Exchange (TSX) and seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Technology Index (Total Return), net of expenses. The index is designed to provide exposure to the performance of Canadian technology companies, holding them in equal weights. Investing in XHAK.TO can offer a diversified approach to participating in the Canadian technology sector.
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Factors

Constituent Stock Performance: The performance of the underlying Hong Kong-listed stocks held in the ETF directly impacts its price. Strong performance boosts the ETF's value, while poor performance lowers it.

Currency Fluctuations: Changes in the exchange rate between the Canadian dollar and the Hong Kong dollar affect the ETF's price, as the underlying assets are priced in Hong Kong dollars.

Market Sentiment: Overall investor sentiment towards the Hong Kong stock market influences demand for the ETF. Positive sentiment increases demand and price, while negative sentiment decreases them.

Economic Conditions: Hong Kong's economic growth, interest rates, and inflation levels affect the profitability of the companies in the ETF, thereby impacting its price.

Geopolitical Events: Political instability or regulatory changes in Hong Kong or China can create uncertainty and negatively affect the ETF's price.

Supply and Demand: The basic principles of supply and demand also apply to ETFs. Increased demand raises the price, and increased supply lowers it.

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