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TSE:ZUE

63.11
0.11 (0.17%) 1d
0
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COMMENT
This was actually a technical question not related specifically to ZUE. The caller asked what is the difference between a Canadian hedged ETF and a Canadian unhedged ETF. This is basically a currency question. The hedged gets exposure in U.S. with dollars converted to Canadian. With the unhedged you're buying in one currency and that's that. With hedged you can take the currency conversion out of the equation. He thinks the Canadian dollar will appreciate.
E.T.F.'s
COMMENT
Both of these are hedged back to the CAD. In an inflationary environment, you may want a mix of hedged and unhedged. In a more resource oriented market, the CAD will do well. Really with the largest companies in the world. Would suggest to hold both NASDAQ and S&P500 and rebalance once a quarter or year.
E.T.F.'s
PAST TOP PICK

(A Top Pick Oct 20/15. Up 6.81%.) The US stock market is about half of the world’s stock market capitalization, and he likes this one because it is currency hedged. Had felt that the Cdn$ was probably as low as it was going to go relative to the US$, and as the Cdn$ rose in value, you would need a hedge to minimize the losses.

E.T.F.'s
TOP PICK

An S&P 500 tracker, hedged to the loonie. It is hedged and he thinks this is a critical difference. If you really want to get into the US market, now is probably a wise time to be doing it with a hedge. For people buying individual US securities, you are going to have a challenge going forward. Even if the US stock market does well, and if the Cdn$ also does well, which he expects, whatever gains you make in the stock market, you will be giving back when you do the currency conversion.

E.T.F.'s
DON'T BUY

This is a hedged product which means you are factoring out the Cdn/US dollar issue. He would go unhedged, because he believes that the Cdn$ is likely to continue to be weak compared to the US$.

E.T.F.'s
BUY

There is also the XSP-T. He is fully hedged against the US$. ETFs are the only way to do this.

E.T.F.'s
COMMENT

Hedging is the thing that protects you in terms of currency fluctuation. If the Cdn$ is strong, you lose money when you convert from US$’s to Cdn. However, if it is relatively weaker, you are making money. As it is right now, if you have things invested in the US, most people think that an $.88 dollar might be a bit of a stretch, but a $.90-$.91 dollar a year from now, might be quite realistic so a hedge is rather unnecessary.

E.T.F.'s
COMMENT

S&P 500 Hedge to CAD Index (ZUE-T) or S&P 500 Index ETF (ZSP-T)? Of the 2, he prefers ZSP a bit more because of the broad Standard & Poor’s benchmark that everyone understands. Not sure what the benchmark for this one is.

E.T.F.'s
Showing 1 to 8 of 8 entries
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BMO SP 500 HEDGED CAD IDX ETF(ZUE-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for BMO SP 500 HEDGED CAD IDX ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO SP 500 HEDGED CAD IDX ETF(ZUE-T) Frequently Asked Questions

What is BMO SP 500 HEDGED CAD IDX ETF stock symbol?

BMO SP 500 HEDGED CAD IDX ETF is a Canadian stock, trading under the symbol ZUE-T on the Toronto Stock Exchange (ZUE-CT). It is usually referred to as TSX:ZUE or ZUE-T

Is BMO SP 500 HEDGED CAD IDX ETF a buy or a sell?

In the last year, there was no coverage of BMO SP 500 HEDGED CAD IDX ETF published on Stockchase.

Is BMO SP 500 HEDGED CAD IDX ETF a good investment or a top pick?

BMO SP 500 HEDGED CAD IDX ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO SP 500 HEDGED CAD IDX ETF.

Why is BMO SP 500 HEDGED CAD IDX ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BMO SP 500 HEDGED CAD IDX ETF worth watching?

0 stock analysts on Stockchase covered BMO SP 500 HEDGED CAD IDX ETF In the last year. It is a trending stock that is worth watching.

What is BMO SP 500 HEDGED CAD IDX ETF stock price?

On 2022-01-24, BMO SP 500 HEDGED CAD IDX ETF (ZUE-T) stock closed at a price of $63.11.