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CI Morningstar Canada Momentum Index ETF (WXM $43.42)
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Fidelity Canadian Momentum ETF FCCM (FCCM $11.33)
Q: Follow up on a recent question on FCCM and WXM. FCCM has the lower MER. Other differences I see in a simple comparison from my online broker: FCCM is large cap while WXM is mid cap. 5 year returns for WXM is higher, but 3 year, 1 year, and less favor FCCM. Dividend from FCCM is 0.64% paid annually and WXM is 1.26% paid quarterly.
I own WXM in my TFSA (up 55%) along with a selection of stocks from your portfolios. I also own VMO in another account.
How do you view these investment style ETFs (growth, dividend, value, momentum) vs geographic ETFs vs sector ETFs vs others for DIY investors trying to diversify within an account?
I own WXM in my TFSA (up 55%) along with a selection of stocks from your portfolios. I also own VMO in another account.
How do you view these investment style ETFs (growth, dividend, value, momentum) vs geographic ETFs vs sector ETFs vs others for DIY investors trying to diversify within an account?
5i Research Answer:
We can see momentum as a completely separate category. We are strong believers in it. That being...