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Global X S&P 500 Index Corporate Class ETF (HXS)
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Global X Nasdaq-100 Index Corporate Class ETF (HXQ)
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Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM)
Q: The tax gross-up effect of my Canadian dividend paying stocks is creating an OAS clawback concern in my non-registered account. Looking for tax-efficient US and International ETF’s. I don’t want ex-Canada ones because I want to have the flexibility to adjust weightings between these two.
Would HXS be a good option for US? The MER isn’t the best but maybe okay. I don’t know for the International. Thoughts?
Would HXS be a good option for US? The MER isn’t the best but maybe okay. I don’t know for the International. Thoughts?
5i Research Answer:
We like HXS for tax efficiency since it reinvests distributions back into the NAV. For tech names, we like the HXQ which has a similar function. The Global X International Developed Markets Equity ETF (HXDM) also uses a total return swap contract to reinvest the dividends back into the NAV.