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  5. ZEQ: As a follow up to my question on international ETFs in CAD, you pointed out ZEQ. [BMO MSCI Europe High Quality Hedged to CAD Index ETF]

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Q: As a follow up to my question on international ETFs in CAD, you pointed out ZEQ. Two questions: 1. In a comparison between ZEQ and HXX, the former is CAD-hedged, but not the latter. On performance, HXX has outperformed. Please advise your advice on currency risk, and if willing to accept the Euro risk, which you would prefer and why. 2. HXS and XIU and tax efficiency - if your preference is for XIU, please explain pros and cons and why XIU. I note in 2022, XIU outperformed.
Asked by sam on February 20, 2025
5i Research Answer:
We like having some FX exposure in a protfolio. We tend to prefer USD as it has more of a safe...
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