First Asset Quebec ETF (QXM.TO)

(A Top Pick Apr 02/19, Down 20%) He sold this one. It concentrates on Quebec companies. He liked the diversification away from energy and commodities. It did not perform as he liked, so sold out.

He bought it because it had a lot of good companies without energy stocks. He has no problem with this one at all. But he is looking at Energy now.

It might be fine, but it looks like a gimmicky product. This makes a big deal of being Quebec, but this isn't a thesis for investing. This is pandering to a demographic that feels this is good. Quebec is no better or worse than any other part of Canada. He's not being anti-Quebec when he says this. He needs more of a reason to invest in this.

Companies that are headquartered in Quebec. No energy names and very little gold. Expense ratio: 0.58%. Diversified outside of the traditional Canadian mega-caps.