John DeGoey
First Asset Quebec ETF
QXM-T
DON'T BUY
Apr 08, 2019
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.
(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.
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