Q: You suggested ROBO as an option re US & global technologies. Could you provide further info on this ETF and your outlook?
Thank you.
Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
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BMO MSCI India Selection Equity Index ETF (ZID $51.19)
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Horizons Robotics and Automation Index ETF (ROBO)
Q: Hello -
Even though these two ETF's trade on the TSX, there are foreign companies within their respective portfolios, For this reason, would ownership of these ETF's in open accounts count towards the $100,000 of foreign property that one needs to disclose?
Thanks.
Jim
Even though these two ETF's trade on the TSX, there are foreign companies within their respective portfolios, For this reason, would ownership of these ETF's in open accounts count towards the $100,000 of foreign property that one needs to disclose?
Thanks.
Jim
Q: I am interested in dipping my toe into stocks in the artificial intelligence and internet of things field. Do any stocks with large growth potential jump right out at you? I am prepared to be patient. Thanks
John
John
Q: Hi 5i Team,
In the prospectus for the Horizons ROBO ETF, under Redemption of Units, it says:
"In addition to the ability to sell Units of the ETF on the TSX, Unitholders of the ETF may redeem Units for cash at a redemption price per Unit equal to 95% of the closing price for the Units on the TSX on the effective day of the redemption, where the Units being redeemed are not equal to a PNU or a multiple PNU.
Because Unitholders will generally be able to sell Units at the market price on the TSX through a registered broker or dealer, subject only to customary brokerage commissions, Unitholders are advised to consult their brokers, dealers or investment advisors before redeeming their Units for cash."
I find this confusing, and want to understand the redemption process before buying any units.
I don't understand why I could redeem units for cash and get only 95% of the closing price on that day. Why not 100%?
In the second paragraph it states that although I can sell units at the market price on the TSX that I should consult my broker before redeeming units for cash. Isn't selling the units at market price on the TSX giving me 100% cash? I don't understand why I need to advise my broker when I want to sell. Can't I just place the order myself? Can you explain that.
Paul
In the prospectus for the Horizons ROBO ETF, under Redemption of Units, it says:
"In addition to the ability to sell Units of the ETF on the TSX, Unitholders of the ETF may redeem Units for cash at a redemption price per Unit equal to 95% of the closing price for the Units on the TSX on the effective day of the redemption, where the Units being redeemed are not equal to a PNU or a multiple PNU.
Because Unitholders will generally be able to sell Units at the market price on the TSX through a registered broker or dealer, subject only to customary brokerage commissions, Unitholders are advised to consult their brokers, dealers or investment advisors before redeeming their Units for cash."
I find this confusing, and want to understand the redemption process before buying any units.
I don't understand why I could redeem units for cash and get only 95% of the closing price on that day. Why not 100%?
In the second paragraph it states that although I can sell units at the market price on the TSX that I should consult my broker before redeeming units for cash. Isn't selling the units at market price on the TSX giving me 100% cash? I don't understand why I need to advise my broker when I want to sell. Can't I just place the order myself? Can you explain that.
Paul
Q: I am looking at buying a 5% position in the ROBO ETF for my TFSA. Are there any concerns with buying this rather than the U.S. version ?
Many thanks.
Many thanks.
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Horizons Active A.I. Global Equity ETF (MIND $22.04)
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Horizons Robotics and Automation Index ETF (ROBO)
Q: Hi 5i,
If you were to pick ROBO or MIND, which would you prefer and why?
Thanks,
Craig
If you were to pick ROBO or MIND, which would you prefer and why?
Thanks,
Craig
Q: Hi,
I would like to get your opinion on whether the Horizon ROBO ETF is a good investment in AI, robotics, automation at this time? Alternatively, do you prefer a company specific approach in this industry and if yes, which companies do you suggest in Canada and/or US?
Thanks for your invaluable service!
I would like to get your opinion on whether the Horizon ROBO ETF is a good investment in AI, robotics, automation at this time? Alternatively, do you prefer a company specific approach in this industry and if yes, which companies do you suggest in Canada and/or US?
Thanks for your invaluable service!
Q: A question today related to a CAD-hedged version of ROBO by Horizon. Please provide more details and the symbol . Thanks.