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BMO S&P 500 Index ETF (ZSP)
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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
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BMO Nasdaq 100 Equity Index ETF (ZNQ)
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iShares NASDAQ 100 Index ETF (XQQU)
Q: Hello, for a 25 year old with $ 500.00 to invest in the TFSA, which of the above would you suggest?
Also, how about for a 27 year old with $ 100K, which one(s) would you suggest? Finally, does BMO have a S&P500 unhedged?
As a quick calculation the Unedged has retuned ~ 6% more with BMO (ZQQ /ZNQ) and ~ 12% with the ishare ( XQQ/XQQU). Right?
Thanks
Carlo
Also, how about for a 27 year old with $ 100K, which one(s) would you suggest? Finally, does BMO have a S&P500 unhedged?
As a quick calculation the Unedged has retuned ~ 6% more with BMO (ZQQ /ZNQ) and ~ 12% with the ishare ( XQQ/XQQU). Right?
Thanks
Carlo
5i Research Answer:
ZSP is BMO S&P 500 unhedged. Over five years, ZNQ is 20.37%, ZQQ is 17.12%. One year 30.44% vs 21.32% because the C$ had a very bad year last year. We would buy ZSP for a 25 year old. One year XQQ/XQQU is 21.34% vs 30.22%. We would also choose ZSP for a 27 year old if an investor only wants one.