Q: Can you please recommend a few ETFs like ZLU that are traded in Canadian funds that exclude the magnificent seven. I will appreciate it if you can provide a list for both hedged and unhedged ETSs.
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5i Research Answer:
We do not have a suitable TSX listed tech company that does not contain the magnificient seven. There are of course sector-specific ETFs that would not include any of the big tech names, such as ZWU (utilities, covered calls, unhedged) and ZWK (US banks, calls, unhedged). Also XIC or XIU for general Canadian market exposure or XIT for Canadian tech exposure only. ZEB for Canadian banks. An equal weight US-listed ETF such as RSP will reduce the exposure to the magnificient seven, but they are still held in the ETF.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWU.