Hey there, new investor here. I'm in Canada and I'm looking at these stocks that are like BRK and MSFT, but in CAD and cheap (like $20 CAD). My understanding is that this is essentially a fund that owns a bunch of that stock and is sort of selling fractional shares in CAD.
What am I missing here? What are the pros and cons of this? Is this just a more accessible version of the original stock? How closely is this stock tied to the actual stock?
And of course, should I by the hedged fund in CAD because I'm poor? Or should I save up money to buy the big stock?
Thanks for keeping it real
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