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QQC-F

$--
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1d
1w
1m

Analysis and statistics

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About

QQC-F.TO is the Horizons Nasdaq 100 Index ETF (CAD Hedged). This Exchange Traded Fund, traded on the Toronto Stock Exchange (TSX), seeks to replicate, to the extent possible, the performance of the NASDAQ-100 Index, net of expenses. Importantly, the "CAD Hedged" designation indicates that the fund employs strategies designed to mitigate the impact of fluctuations between the Canadian dollar and the U.S. dollar on the fund's returns. This hedging feature aims to provide Canadian investors with returns that more closely mirror the performance of the underlying Nasdaq 100 Index in U.S. dollar terms, without the added volatility introduced by currency exchange rate variations.
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Factors

Index Performance: QQC-F.TO's price largely mirrors the Nasdaq 100's performance, rising or falling with its constituent stocks.

Currency Fluctuations: As a CAD-denominated ETF holding USD assets, the CAD/USD exchange rate impacts its price. A stronger CAD lowers the ETF's price, and vice versa.

Supply and Demand: Market demand for QQC-F.TO units influences its price. High demand can push the price above its net asset value.

Interest Rates: Changes in interest rates, particularly in the US and Canada, can affect investor sentiment and thus, the ETF's price.

Economic Conditions: Overall economic health in both countries affects the earnings and valuations of the companies within the Nasdaq 100, influencing the ETF's value.

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