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

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.