XQQ:CA: An Enticing Mag 7 Bet For Canadian Investors
Source: SeekingAlpha
2025-04-20 08:00:00 ET
Summary
- The iShares NASDAQ 100 Index ETF (CAD-Hedged) has outperformed the S&P 500 over the last decade, but is currently a 'hold' due to market conditions.
- CAD hedging can result in losses if the USD/CAD exchange rate declines, impacting the fund's performance.
- The ETF is heavily skewed towards tech and growth sectors, making it more susceptible to downturns compared to the broader market.
- Despite current headwinds, the Mag 7's strong growth expectations make XQQ:CA a compelling buy for those willing to endure short-term risks.
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XQQ:CA: An Enticing Mag 7 Bet For Canadian Investors
BlackRock Asset Management Canada Ltd - BlackRock Canada iShares NASDAQ 100 Index ETF (CAD-Hedged)
NASDAQ: INQQF
INQQF Trading
0.0% G/L:
$45.4148 Last:
225 Volume:
$45.4148 Open:
