Mike PhilbrickFidelity Equity ETFFEQT.TOTOP PICKDec 06, 2024

Not simply broad, market-cap based. Systematic factor diversification (97% equities) plus small crypto allocation (3%). The core equities combine value, momentum, quality, and low volatility factors. Canadian, US, and international markets, as well as global small caps.

Diversifies you away from indexes and from US large caps.

Its portfolio is separated into 3 areas: quality, momentum, and value. Canadian, US, and international markets. MER a bit higher at 43 bps. Would work nicely alongside XEQT.

With inflation volatility in US, starting to see international and EM stocks do better than US stocks. That includes Canada. You want to make sure you're diversified, and this one does that (including bitcoin), though you do have to tack on your own gold and bonds.

XEQT gives you the whole world. Great. But FEQT exposes you at 3% here to Bitcoin, so you needn't worry about buying or selling crypto, so he prefers FEQT.