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iShares S&P/TSX Capped Information Technology Index ETF (XIT $64.25)
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INVESCO QQQ Trust (QQQ $588.50)
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Sonida Senior Living Inc Com (New) (CSU)
Q: What option would you suggest to pursue to gain additional exposure to technology within a portfolio? I currently only own QQQ in USD registered account.
1) just add more to QQQ at the current exchange rate
2) diversify and add XIT
3) diversify and add both XIT and CSU at 50/50 (understanding XIT owns approximately 23% of CSU already)
4) none of the above, try an alternative (e.g. QQQM)
1) just add more to QQQ at the current exchange rate
2) diversify and add XIT
3) diversify and add both XIT and CSU at 50/50 (understanding XIT owns approximately 23% of CSU already)
4) none of the above, try an alternative (e.g. QQQM)
5i Research Answer:
XIT would add Canadian tech exposure, but it is a highly concentrated fund (CLS is 26%, for example). It is also software heavy and investors hate software right now. Our call here would be to simply add to QQQ.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XIT, QQQ.