TSE:ZQQ

BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ.TO)

199.26
-0.71 (0.36%)
as of Aug 11, 2026, 7:59:31 pm Market Open.
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Investor Insights
star iconAug 11, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

The BMO NASDAQ 100 Hedged to CAD Index ETF (ZQQ) has garnered mixed reviews from experts. While one reviewer appreciates its exposure to the technology sector, another highlights concerns over volatility, suggesting that investors should be cautious, especially in a time when the market seems to be at its peak. They argue against holding multiple ETFs that serve the same purpose, as it could lead to unnecessary correlation in investments. Additionally, some experts criticize the hedging aspect of this ETF, questioning its necessity and suggesting that it might be more cost-effective to manage currency risks independently. Overall, while ZQQ offers potential for long-term growth, it is viewed as expensive at the moment, and alternative investment options are recommended for those looking to allocate new funds.

consensus icon
Consensus
Cautious
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Valuation
Overvalued
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SPY
PAST TOP PICK

(A Top Pick Feb 17/15. Down 6.46%.) NASDAQ, along with the S&P 500 and everything else has declined. Still likes it.

PAST TOP PICK

(A Top Pick Feb 17/15. Down 1.25%.) This is basically the NASDAQ. Hasn’t been buying this, but hasn’t sold any. When there is a recovery, this should do quite well.

COMMENT

He likes to hedge to the Cdn$ where he can. With the currency the way it is, you can lose or gain 10% very quickly. He likes to remove the currency risk if he can.

COMMENT

There are no tax consequences in an RRSP. Outside, foreign dividends are treated as regular income. There tends to be dividends tax withholding but trusts can recover a lot of those.

TOP PICK

He is always in favour of seeing US sectors that are hedged. Has had this for a long period of time. He was doing the US$ version, but is now back into buying the Canadian version.

BUY

With this you are playing a big position in Apple (AAPL-Q) and also having a US$ hedged doesn’t hurt for a Canadian investor. He is bullish on the US$ so would be more interested in owning Powershare QQQ ETF (QQQ-Q).

COMMENT

This gives you 100 tech stocks. Chart shows a drop off since mid-September and there has been no positive confirmation that it is breaking out yet. Beginning of October is usually the best time for tech stocks but this hasn’t started yet.

PAST TOP PICK

(A Top Pick Sept 30/11. Up 33.76%.)

PAST TOP PICK

(A Top Pick Sept 30/11. Up 26.56%.)

PAST TOP PICK
(Top Pick Jul 29/11, Up 11.20%) Doesn’t want to sell now and get back in in the fall, taking the tax hit.
PAST TOP PICK
(A Top Pick Sept 30/11. Up 26.38%.) Still thinks it goes much higher.
PAST TOP PICK
(Top Pick Jan 28/11, Up 21.28%) BMO has brought in many sectors, Cad$ hedged. A lot of ZQQ is Apple. He may be looking at selling some since Apple has done so well.
TRADE
Likes this, but is currently looking to reduce his position.
PAST TOP PICK
(A Top Pick Jan 28/11. Up 11.28%.) NASDAQ 100 Equity Hedged-Cdn$. Still likes.
PAST TOP PICK
(A Top Pick Sept 30/11. Up 14.51%.) NASDAQ 100 Equity Hedged-Cdn$ ETF. If you look at a point and figure, it’s a pure blue sky. There might be a couple weeks of congestion and then should start to move higher again.
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