Michael BowmaniShares BRIC ETFCBQ.TOPAST TOP PICKNov 29, 2012
(Top Pick Jun 19/12, Down 9.70%) 40% of world’s population are in those 4 countries and there is a huge middle class. 7-8% over next 12 months. He is pretty content to hold it.
(A Top Pick June 19/12. Up .05%.) (BNN showed the date as April 30/12. This was actually a top pick on June 19/12. I corrected the percent from Down 1.86% to Up .05%. - Bill.)
All 4 of the BRIC countries, Brazil, Russia, India and China have had some difficult times. Dismal first-quarter. Valuations have come down on this one. Price has been chopped. Now yielding a 5.3%. Trades at 8X earnings.
If you own, the damage has been done and he would continue to hold. A very good product. Not only emerging markets, but specifically Brazil, Russia, India and China, which are 4 economies that are not going to go away anytime soon and are still growing at 6%, 7% and 8% per year.
Believes the long-term prospects for emerging markets are positive. CBQ has been hurt more than the broader emerging market space. If you like the Claymore thesis then it would be a good time to average down.
BRIC ETF. Brazil, Russia, India and China are the 4 economies that drive the emerging-market world. Brazil is going to be hosting the Olympics in 5 years and China and India have the population growth.
He likes specific stocks. Uses ETFs in TFSAs due to size of account. 10% down recently is to be expected because of the volatility in emerging markets. You need to manage the percentage of your portfolio because of volatility.
(Top Pick Jun 19/12, Down 9.70%) 40% of world’s population are in those 4 countries and there is a huge middle class. 7-8% over next 12 months. He is pretty content to hold it.