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BMO S&P 500 Hedged to CAD Index ETF (ZUE)
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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
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Vanguard S&P 500 Index ETF (VFV)
Q: I'm building US content into my portfolio, and am looking for medium risk ETFs. Do you have an estimated target and a recommendation for these two ETFs? I'd like both NASDAQ and S&P 500 exposures. Is the content of ZUE and XQQ content too overlapping for the two exposures?
5i Research Answer:
We think both these are good options for exposure. We do not typically put price targets on index tracking ETFs. We typically prefer unhedged options for ETFs for which we have written about here. For the Nasdaq, unhedged options are limited. For the S&P 500 we like VFV.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.