Is the Invesco NASDAQ 100 Index ETF still a good bet?
RN Croft Financial Group portfolio manager Richard Orrell said he remains optimistic on the Invesco NASDAQ 100 Index ETF following a strong run since his original pick last summer.
Speaking on BNN Bloomberg Market Call on Jan. 29, Orrell revisited his July 22, 2025 recommendation of the ETF, which was trading at $180.64 at the time. The fund recently changed hands at $200.67, delivering an 11% total return.
“I really like that hedge component,” Orrell said, adding that unhedged exposure to U.S. equities can erode returns when the Canadian dollar strengthens. While the U.S. dollar initially moved against his expectations, he said recent technical breaks have reinforced the value of currency protection…
Orrell said the position continues to fit client portfolios, citing ongoing exposure to large-cap technology and artificial intelligence themes. He emphasized that his original recommendation was for the currency-hedged version, a distinction he said remains important.
“I really like that hedge component,” Orrell said, adding that unhedged exposure to U.S. equities can erode returns when the Canadian dollar strengthens. While the U.S. dollar initially moved against his expectations, he said recent technical breaks have reinforced the value of currency protection.
Orrell said he continues to hold the ETF in portfolios and has no plans to make changes, viewing it as a stable way to maintain NASDAQ exposure while managing currency risk.
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Rod Weatherbie
Writer
Rod Weatherbie is a journalist based in Prince Edward Island. Since 2004, he has written extensively about the Canadian property and casualty insurance landscape. He was also a founder and contributing editor for a Toronto-based arts website and a PEI-based food magazine. His fiction and poetry have been featured in The Fiddlehead, The Antigonish Review, and Juniper.