As Canadian investors, we mustn’t get drawn into home-country bias and invest most of our portfolio into Canadian equities on the TSX.
Why? The Canadian economy is not large enough and is exposed to too many cyclical industries such as oil and gas, mining, and financials.
Suppose we want to realize more significant returns from our portfolios overall. In that case, we need exposure to the United States, one of the fastest-growing economies in the world and a global superpower.
However, many Canadians don’t want to own US stocks directly as they’d rather keep their currency in Canadian dollars. So, many look to Canadian exchange-traded funds to get the job done when it comes to owning the S&P 500 or the NASDAQ.
In this article, we’ll be going over some of the best Canadian NASDAQ ETFs to be looking at today. Although they’re certainly not as defensive as a Canadian HISA ETF, these NASDAQ ETFs, for the most part, are not as volatile…
