It's similar to the Nasdaq. Peers are HXQ-T (lower MER) or (in the U.S.) XLK or QQQ. TEC holds FAANG plus MSFT, Mastercard and Visa, companies trading at price-to-sales between 7-18x. So, TEC relies on a lot of growth to pay you future returns. Think like Gretzky: Where's the puck going to be? What will be future performance of these holdings?
FOUR-T vs. TEC-T. He does not thing the level of assets is particularly challenging because of the implicit liquidity and the size of the markets for these. This is a significantly different approach. The tech world will favour the mega-caps. So TEC-T will probably outperform in the short term. FOUR-T is about the modernization of work. This is advanced robotics, cyber security, 3D printing and the cloud. He thinks in the longer term there should be some excess return that accrues to the things a little bit more targeted, but they will be very similar.
TD Global Technology Leaders Index ETF is a Canadian stock, trading under the symbol TEC-T on the Toronto Stock Exchange (TEC-CT). It is usually referred to as TSX:TEC or TEC-T
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0 stock analysts on Stockchase covered TD Global Technology Leaders Index ETF In the last year. It is a trending stock that is worth watching.
On 2023-11-28, TD Global Technology Leaders Index ETF (TEC-T) stock closed at a price of $31.09.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock covers global tech with a 0.35% MER. The fee remains competitive for the space. Good for global tech exposure. Unlock Premium - Try 5i Free