The Can-Daq 100 Fund provides exposure to 100 U.S. stocks represented in the NASDAQ 100 Index. By using a combination of Canadian treasury bills and high-quality short-term money market instruments with NASDAQ-100 futures contract, the Can-Daq 100 Fund provides NASDAQ-100 Index performance in Canadian dollars. This method of replicating stock index performance in Canadian dollars is gaining wide acceptance by many Canadian pension and mutual funds due to its liquidity and low cost. The cost of running the fund is minimized with the use of futures contracts, since these are less expensive to acquire than the actual stocks.
Transamerica Life Canada
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