Questrade Wealth Management is reducing the management fees for six Quest Smart exchange-traded funds, effective 1 November 2016.
The funds are: the Questrade Smart ETF (QRT); Questrade Russell 1000 Equal Weight US Industrials Index ETF Hedged to CAD (QRI); Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD (QRH); Questrade Russell 1000 Equal Weight US Consumer Discretionary Index ETF Hedged to CAD (QRD); Questrade Russell US Midcap Growth Index ETF Hedged to CAD (QMG); and Questrade Russell US Midcap Value Index ETF Hedged to CAD (QMV).
Edward Kholodenko, president and CEO of Questrade Financial Group, says: "The ETF market has grown tremendously as Canadians have discovered the low cost and diversification benefits of exchange-traded funds. By reducing fees on these Questrade ETFs, we will create even better investment options so Canadians can become more financially successful and secure. Investors look to Questrade for value and exceptional service, and, with this announcement, we continue to raise the bar for investment services in Canada."
"At Questrade Wealth Management, we are always looking for ways to create more value for investors and provide new, innovative solutions to the market. It's why we were the first to offer US midcap equity ETFs in Canada," says John Youn, executive managing director, ETFs and global structured products at Questrade Wealth Management. "We are thrilled to announce that we are lowering management fees on several of our Smart ETFs by over 50 per cent. As a result, our four US sector ETFs now have the lowest management fees among all competitors."
