r/Canadianstockpicks

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

Been reviewing my investments lately and looking for some opinions.

I currently have about $100K in RBC North American Value Fund, but honestly I’m getting frustrated with the performance. The returns have been pretty underwhelming over the last while, and the MER is close to 2%, which feels hard to justify.

I already hold some XEQT and have been leaning more toward the US market and tech going forward instead of actively managed mutual funds.

Right now I’m thinking about a few options:

- Move everything into XEQT and keep it simple

- Split between XEQT + an S&P 500 ETF + NASDAQ 100 ETF

- Keep some diversification but increase exposure to US tech/growth

Curious what others would do in this situation. Is it worth keeping any money in high-MER mutual funds anymore, or does broad-market indexing just make more sense long term?

For context, this is long-term investing money, not something I need in the near future.

r/Canadianstockpicks

Thinking of leaving RBC mutual funds for XEQT and US index ETFs