TD Global Technology Leaders Index ETF (TEC-T)

TEC is similar to the NASDAQ as a whole. Market-weighted exposure to some of the biggest technology names like the Magnificent 7. His view on the Big 7 is still positive, still upside in all of them. As long as nothing changes on the underlying thesis, he'd still focus on some of those large-cap tech names. This fund lets you do that. 

XQQ is another name to look at.

"Global", but 86% US. Large cap means the usual, dominant tech suspects as top holdings. Has run a long way, could be a correction short term. Be careful on position size. "Explore", not "core". Accumulate a little, see how it goes, get out if it turns against you.

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

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.