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ZDH

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1d
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Analysis and statistics

  • Open
    29.312$
  • Previous Close
    29.312$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

ZDH.TO represents the Horizons Nasdaq 100 Equal Weight Index ETF, traded on the Toronto Stock Exchange. This exchange-traded fund aims to replicate, before fees and expenses, the performance of the Nasdaq-100 Equal Weighted Index. It provides investors with exposure to the 100 largest non-financial companies listed on the NASDAQ stock market, but unlike the traditional market-cap weighted Nasdaq-100 index, ZDH.TO allocates an equal weighting to each constituent company within the index. This equal weighting strategy may provide diversification benefits compared to market capitalization weighted indexes.

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Factors

Underlying Bond Prices: ZDH.TO holds Canadian government bonds; their prices directly influence the ETF's value. Bond prices fall when interest rates rise, and vice versa.

Interest Rate Changes: As a bond ETF, ZDH.TO is sensitive to interest rate movements. Rising interest rates typically decrease the ETF's price, lowering the bond values.

Inflation Expectations: Higher inflation expectations often lead to higher interest rates, impacting bond prices. Increased inflation can reduce the real return of bonds, decreasing demand and price.

Credit Risk Perception: Although ZDH.TO holds government bonds (generally considered very safe), any perception of increased credit risk in the overall Canadian economy can slightly impact its price.

Supply and Demand: Market dynamics play a role. High demand for ZDH.TO can push its price slightly above its net asset value (NAV), while increased selling pressure can lower the price.

ETF Management Fees: The annual management expense ratio (MER) indirectly affects the ETF's total return. Higher fees reduce the net return to investors.

Liquidity: The ETF's trading volume and bid-ask spread can influence its immediate price. Higher liquidity usually leads to tighter spreads and easier trading.

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