TSX:QETH.UN - Post by User
Comment by
loadinupon May 01, 2021 4:14pm
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Post# 33108974
RE:Relax and get positioned, Info on NAV
RE:Relax and get positioned, Info on NAVGood points in your post.
The only details not considered are the reasons why it is now trading at a discount. ETHX currently 0% and going to 0.95% June 15, and QETH charging more than double at 1.95%. The fund enjoyed the premium to NAV before the new ETF's, but the competition is crushing share values.
Perhaps once commissions start on their biggest competition, the discount may decrease. From what I have seen ETHX is also doing a far superior job advertising, which QETH should either be doing better with the higher commission rate, or lowering it, or preferably both.
I agree that at the current discount, it is a buy over the others(if one believes eth will keep increasing, I personally see $5K sometime in summer), but I do not expect with the current course of business that this fund will ever sell at a premium again.