Q: I understand that ZQQ is hedged to the Canadian dollar. Does that mean that the share price is unaffected by a decline in the C$ relative to the US$? If so, then presumably you don't want to be hedged if the C$ is rising relative to the US$. Is there an un-hedged version of ZQQ? Or do I have this backwards?
5i Research Answer:
The hedge is on the US exposure. So if the Canadian dollar rises vs the US$, an investor would be better off with the hedge. The reverse is true if there is strength in the US$. QQC would be an unhedged equivalent.
An unhedged alternative to ZQQ would be ZNQ.