Tec..td global technology index

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Do you like it..it’s tech..has dividends

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Asked on October 6, 2020 9:49 am
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hey thanks Dan

yeah every week I have to invest $5,555,890,767,976,000× 167,688,788 and it's a new dilemma. thanks for helping out again

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Posted by Ayesha Ahmad
Answered on October 6, 2020 8:59 pm
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Hey there. Solid ETF, nice liquidity and some solid performance this year. Unfortunately, the fund is brand spanking new, being just over a year old so there isn't much historical performance to go off of.

If you're looking for exposure to Canadian stocks though, this won't really be for you. over 98% of this portfolio is either US or International companies. And, 67% of the ETF is tech overall, with the remainder allocated to companies that aren't directly in tech but engaged in disruptive technologies. Which, I imagine is what you want. Key to keep in mind though that it's pretty heavily allocated towards the big 3 in Apple (14%) Microsoft (10.7%) and Amazon (9.2%)

It's funny actually, Shopify has been one of the best performing tech stocks in North America, and it doesn't find itself in the top ten holdings of this ETF.

Overall I can't say much about the fund or manager's performance, you'd simply need more history. This ETF aims to track the Solactive Global Technology Leaders Index (https://www.solactive.com/Indices/?index=DE000SLA6X91) which over the last year has returned 50.93%. The ETF has returned 50.38%. The difference between the two is what we call tracking error. At 0.55%, it's fairly reasonable.

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Posted by Dan Kent
Answered on October 6, 2020 12:34 pm