Mike Philbrick Horizons NASDAQ-100 Index ETF HXQ-T BUY Sep 12, 2023

This represents the NASDAQ 100, and NASDAQ stocks tend to perform well from mid December into January. Part of that is technology.

(Top Pick Dec 13/16, Up 8.02%) He has hung on past the end of the seasonal period by a month and is moving his stop up tighter and tighter.

vs. ZQQ ZQQ is CAD-hedged, so where do you think the CAD will move? HXQ is similar to ZQQ, but a cheaper MER at 0.28%. ZQQ has no hedge to CAD. He prefers HXQ, because it's cheaper and unhedged.

Investors have been rewarded, but valuations are stretched for the NASDAQ, so be careful. Higher expense ratio of 28 bps, there are strategies out there with lower expense. 

We do like HXQ and it is our top pick for a CAD ETF that tracks the NASDAQ-100. We also think XQQ is another good option although it is hedged. XQQU is the unhedged version but it is very new, small and charges a higher fee so we like HXQ better. HXQ is also a 'total return' fund that pays no distributions, and this can be efficient for taxes. 
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The NASDAQ has been doing great. Structured as a corporate class ETF, which allows for some tax efficiencies in Canadian jurisdictions. You don't have to report dividends, etc. arising from the portfolio, as it all just compounds. Defers tax until you sell, at which time you'll most likely pay capital gains tax.

Keep an eye to make sure this structure continues to be robust in the future.