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CAE Inc. (CAE $37.05)
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Descartes Systems Group Inc. (The) (DSG $137.61)
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Global X US Dollar Currency ETF (DLR $14.21)
Q: Hi There,
I prefer not to buy DLR to convert from CAD to USD because of high MER and I don't mind holding the security for awhile before selling in my USD account. Can you suggest an alternative which is a dual listed CAD stock as a possible DLR replacement that has these characteristics; good trading volume, low bid/ask spread, low volatility, no dividend etc.
I prefer not to buy DLR to convert from CAD to USD because of high MER and I don't mind holding the security for awhile before selling in my USD account. Can you suggest an alternative which is a dual listed CAD stock as a possible DLR replacement that has these characteristics; good trading volume, low bid/ask spread, low volatility, no dividend etc.
5i Research Answer:
The low volatilty and no dividend is a difficult combination to ask for. CAE ans DSG might be two possibilities here. Here is a full list of inter-listed stocks for other ideas but as noted it is a tough criteria list.