Description

The Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH) offers Canadian investors exposure to the prominent U.S. large-cap equity market segment. It achieves this by replicating the S&P 500 Index, which comprises approximately 500 leading publicly traded U.S. companies from diverse industries, collectively representing about 80% of the total U.S. market value. Crucially, this investment is currency-hedged to the Canadian dollar. This active hedging strategy completely removes U.S. dollar currency exposure, aiming to alleviate the effects of exchange rate volatility between the USD and CAD. The goal is to provide Canadian investors with a more consistent and forecastable investment return by insulating the performance of the underlying U.S. securities from currency movements. Ideal for investors prioritizing total return from the U.S. large-cap equity sector, with mitigated currency risk, HSH is designed for those comfortable with market fluctuations but not seeking regular income distributions. Ultimately, HSH endeavors to mirror the performance of the S&P 500 CAD Hedged Index (Total Return), net of associated costs. This benchmark itself is constructed to reflect the performance of the U.S. large-cap market, with its currency exposure specifically hedged back to the Canadian dollar.