TSE:ZQQ

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

196.10
-9.90 (4.81%)
as of Jun 5, 2026, 7:59:51 pm Market Open.
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Investor Insights
star iconJun 5, 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) is seen as a potential way to gain exposure to the technology sector, with some experts acknowledging its value in that aspect. However, there are significant concerns regarding its hedging strategy, which some believe does not provide substantial benefits and only serves to inflate costs. Investors caution that the tech sector is currently volatile and its high valuations could signify a market top, akin to historical bubbles. Diversification beyond NASDAQ-focused investments is strongly recommended, as the correlation among tech stocks in the portfolio may exacerbate volatility. Overall, experts advise against significant investment in ZQQ at this moment given its perceived high valuation and the uncertain economic conditions.

consensus icon
Consensus
Cautious
valuation icon
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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