What does HXS mean in TORONTO STOCK EXCHANGE
HXS is the acronym for Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund. This ETF, which trades on the Toronto Stock Exchange, is designed to track the performance of an index that tracks the returns of the S&P500 (in USD terms) while reducing currency volatility associated with investing in US stocks. The S&P500 is a collection of large-cap American stocks and serves as a benchmark for measuring stock market performance in the US.
HXS meaning in Toronto Stock Exchange in Business
HXS mostly used in an acronym Toronto Stock Exchange in Category Business that means Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund
Shorthand: HXS,
Full Form: Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund
For more information of "Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund", see the section below.
What Does HXS Stand For
HXS stands for Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund. The fund specifically selects securities from within the S&P 500 in order to replicate its underlying index, while also utilizing a hedging strategy to reduce exposure to fluctuations caused by changes in exchange rates between Canadian and US dollars. It currently holds more than 500 securities from different industries, such as financials, health care, consumer staples, information technology and energy.
Features Of HXS ETF
The key features of HXS are that it provides investors with a low cost and convenient way to access the broad market represented by the S&P 500 without having to make individual stock purchases or maintain foreign currency accounts. In addition, investors can benefit from reduced risk due to built-in hedging strategies which seek to protect them against unfavorable movements in exchange rates. Investors also have access to liquidity through intraday trading on TSX, making this ETF an attractive choice for those looking for direct exposure to US equity markets without incurring significant costs or taking on extra risk.
Essential Questions and Answers on Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund in "BUSINESS»TSX"
What is Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund?
Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund (HXS) is an exchange traded fund that tracks the performance of the S&P 500, a stock market index comprised of 500 large American companies listed on the New York Stock Exchange and Nasdaq. The ETF provides exposure to these stocks while hedging against Canadian dollar fluctuations relative to the US dollar.
Who are the sponsors of HXS?
HXS is sponsored by BetaPro Management Inc., which is an indirect wholly owned subsidiary of Horizons ETFs Management ( Canada ) Inc.
What type of investment is HXS?
HXS is an exchange traded fund, or ETF. It offers investors a low-cost and convenient way to gain exposure to the performance of the S&P 500.
Does HXS provide capital gains?
Yes, investors can potentially generate capital gains from investing in HXS as it tracks changes in stock prices and may increase in value over time. However, there are also risks associated with this type of investing, as stock prices may go down instead of up, resulting in losses for investors.
How often does HXS trade?
Investors can trade HXS on any day that the Toronto Stock Exchange (TSE) is open for business. Trading hours for the TSE vary depending on market conditions but generally start at 9am and end at 5pm EST.
Is it difficult to buy and sell shares in HXS?
No, buying and selling shares in HXS is simple and straightforward since it trades like a regular stock on major exchanges such as TSE. All you need to do is place an order with your broker or financial advisor just like you would do when buying any other type of security.
Are there any fees associated with trading HXS?
Yes, you may be charged brokerage fees or commissions by your broker when you buy or sell shares in HXS, so it’s important to ask them about any potential charges before placing your order. Additionally, if you hold shares in this ETF for more than one year then you may be liable for capital gains tax when you sell them.
Can I use leverage when trading HXS?
Yes, leverage allows traders to gain greater exposure to a particular security by taking out margin loans against their existing portfolio holdings or cash balance. Please note that using leverage carries additional risk since it increases both potential loss and potential profit levels beyond those achievable without borrowing money from your broker. Therefore, only experienced traders should consider leveraging their positions as part of their investment strategy when trading this ETF.
Final Words:
In summary, HXS stands for Horizons BetaPro Standard & Poors 500 Index (C$ Hedged) Exchange Traded Fund and provides investors with a cost effective and efficient way of gaining access to capital markets in the United States without having to purchase individual stocks or maintain foreign currency accounts. Investing through this fund allows investors access liquidity through intraday trading on TSX while also enabling them to take advantage of built-in hedging strategies that protect them against unfavorable moves in exchange rates.