BMO MSCI USA High Quality ETF (ZUQ.TO)

Fairly new and not a lot of volume. Doesn’t think a lot of people realize that the US market hasn’t really been moving for about 5-6 months. These are all terrific holdings, and he wouldn’t be concerned. Eventually the volume will pick up on this and share creation will follow suit.

Has done well. It is up 16.2% over the last 12 months. This is heavily into the US, but doesn’t think it is hedged in terms of currency, which is probably a good thing. Relatively reasonable in terms of pricing.

When you trade illiquid, wide-spread-trade ETFs, don’t go market. Use a limit order. ZUQ-T is a smart beta ETF. A qualitative approach to the top 1000 US large caps, filtered for all the normal metrics. It is the top 100 of those names.

Smart index ETF. It is called the quality index. It finds better cash flows and fundamentals. It is a quality holding and will give you good exposure to the US market. In the long run you will have a better return relative to the index.