Horizons ETFs Management has launched the Horizons Canadian High Dividend Index ETF, or HXH.

The fund seeks to replicate the performance of the Solactive Canadian High Dividend Yield Index (Total Return), net of expenses. The Index tracks the performance of 40 of the largest dividend-yielding companies traded on the TSX that have a minimum market capitalization of over $4 billion.

HXH is the first domestic ETF to use the total return index structure to provide exposure to Canadian large-cap dividend paying stocks. The fund has a management fee of 0.10% and is part of a suite that includes funds that track the S&P/TSX 60 S&P 500.