The Horizons S&P 500 CAD Hedged Index ETF and the Horizons US 7-10 Year Treasury Bond CAD Hedged ETF offer currency hedged exposure to two of the largest U.S. asset classes.
Horizons S&P 500 CAD Hedged Index ETF seeks to replicate, to the extent possible, the performance of the S&P 500 CAD Hedged Index (Total Return), net of expenses. That index is designed to measure the performance of the large-cap segment of the U.S. equity market, hedged to the Canadian dollar.
Read: What you missed: Investing tips
Horizons US 7-10 Year Treasury Bond CAD Hedged ETF seeks to replicate, to the extent possible, the performance of the Solactive US 7-10 Year Treasury Bond CAD Hedged Index (Total Return), net of expenses. That index is designed to measure the performance of the US 7-10 Year Treasury Bond market, hedged to the Canadian dollar.
The ETFs are index-replicating investments that use a synthetic replication structure to receive the pre-tax total return of an index. Unlike physically replicated ETFs, no distributions are expected. Instead, the value of the dividend or interest income is reflected in the returns of each ETF. Such a structure leads to greater tax efficiency. In addition, tracking error is also reduced since there are no portfolio trading costs.
The ETFs trade on the TSX.
Also read: