Q: What is your opinion on DXID (Dynamic Active Innovation and Disruption ETF) for the aggressive side of a portfolio? Do you have other options that you prefer in this space? thx
5i Research Answer:
The ETF has a very short history, but so far so good, up 15.28% in three months. Management fee is 0.70%. It is 86% invested in the US and 53% in technology. The manager has lots of experience and we like him. That being said, it is not overly unusual in the market--there are lots of innovation funds. We would like to see longer performance before recommending this. FWD or ARKK would be similar in the interim.