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ZDY-U

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Analysis and statistics

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About

ZDY-U.TO represents the Horizons US Dividend Achievers ETF (CAD Hedged Units), traded on the Toronto Stock Exchange (TSX). This exchange-traded fund aims to replicate, before fees and expenses, the performance of the NASDAQ US Dividend Achievers Select Index (CAD Hedged), which focuses on U.S. companies with a history of consistently increasing their dividend payments. The ETF utilizes a rules-based approach to select and weight holdings, providing Canadian investors with exposure to U.S. dividend-paying stocks while mitigating currency risk through hedging.
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Factors

Fund Holdings' Performance: The ETF's price heavily relies on the performance of the underlying dividend-paying U.S. stocks it holds.

Market Sentiment: Overall investor confidence and risk appetite in the broader market impacts ZDY-U.TO.

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

Currency Fluctuations: As a Canadian ETF holding U.S. assets, CAD/USD exchange rate changes influence its price.

Dividend Yields: Shifts in dividend yields of the underlying stocks can affect the ETF's appeal and price.

ETF Supply and Demand: Increased demand pushes prices up, while higher supply lowers them.

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