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Does MM prefer NDQ or HNDQ given recent macro changes?

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    Does MM prefer NDQ or HNDQ given recent macro changes?

    Hi James and team, I note you are positive NDQ. Given you appear to believe USD will be dropping, would HNDQ (the hedged version of NDQ) be a more leveraged option? Cheers Alain

    Answer

    Hi Alain,

    The tricky part of this question is that the $US has already fallen sharply into our 105-106 target area and we are now anticipating a period of consolidation hence at this stage we would only term the HNDQ as “marginally more attractive” i.e. the horse has bolted to be more committed to the currency hedged version.

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    BetaShares NASDAQ 100 ETF (NDQ) FX Unhedged v BetaShares NASDAQ 100 ETF (HNDQ) FX Hedged
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