Canadian Funds: Top Shopify Exposure

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Post on Nov 13, 2024

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Canadian Funds: Top Shopify Exposure - A Smart Way to Invest in the E-commerce Giant

Let's face it, Shopify is killing it. The e-commerce platform is basically the Amazon of the small-business world. But how do you, a Canadian investor, get a piece of the action? Well, Canadian funds are your best bet!

Why Canadian Funds for Shopify Exposure?

Think about it: You want a simple way to invest in Shopify without buying individual shares (which can be scary!). Canadian funds offer this ease. Plus, they're managed by experienced professionals who know their stuff about the Canadian stock market.

Top Canadian Funds with Shopify Exposure:

Here are some of the top Canadian funds that include Shopify in their portfolio, giving you a slice of the e-commerce pie:

**1. ** Horizons Active Growth ETF (HXG)

• This fund really goes after growth stocks, and Shopify is a big part of its strategy.
• It's a good option for those who want a fund with a heavy Shopify exposure.

**2. ** iShares S&P/TSX 60 Index ETF (XIU)

• This one's a bit more diversified, but it still holds a significant amount of Shopify.
• A good choice for those looking for a more balanced approach.

**3. ** Vanguard S&P/TSX 60 Index ETF (VXC)

• Another diversified ETF with good Shopify exposure.
• This one's known for its low fees, making it attractive for long-term investors.

**4. ** BMO Equal Weight Banks Index ETF (ZEB)

• This ETF focuses on Canadian banks, but surprise! It also holds Shopify.
• It's a good way to diversify your portfolio while getting some Shopify exposure.

Important Note: This is just a small sample of Canadian funds offering Shopify exposure. It's crucial to do your own research before investing. Check out each fund's prospectus for detailed information, fees, and risks.

Investing in Canadian Funds: A Smart Move

Investing in Canadian funds with Shopify exposure is a simple and smart way to benefit from the growth of e-commerce. It's a way to add some excitement to your portfolio without all the complicated individual stock picking. Plus, you're supporting Canadian companies and the economy!

Final Thoughts

Remember, before investing in any fund, understand your risk tolerance and investment goals. Don't be afraid to ask for professional advice from a financial advisor. Happy investing!