Q: Can you recommend a hedged ETF that follows the S&P 500, but not with the Magnificent 7 having a lot of weight, as I feel these are overbought? I really like ZUE but it has too much Magnificent 7. Looking for 10% appreciation first year including both capital appreciation and dividends.
5i Research Answer:
We would recommend an equal weight S&P 500 ETF. These put fixed weights of 0.20% on constituents of the S&P 500 and are rebalanced quarterly. We recommend EQL.F for a CAD-hedged option or EQL for CAD non-hedged.