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BMO Nasdaq 100 Equity Hedged To CAD Index ETF (ZQQ $156.09)
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Invesco ESG NASDAQ 100 Index ETF (QQCE $32.21)
Q: if there any difference between ZQQ and QQCE other than QQCE being an ESG fund and not purchasing arms, tobacco etc? Both seem to have low trading volumes with QQCE having a lower trading volume. do you think that the lower trading volume for QQCE to be problematic in trading?
5i Research Answer:
The ESG component is one big difference and QQCE is unhedged to CAD while ZQQ is hedged. QQCE volumes are quite low but the underlying holdings are all liquid, so it is less of a concern but we would ensure using tight limit orders if looking to transact in the ETF.