Stockchase Opinions

Michael Bowman Guggenheim Defensive Equity ETF DEF-N TOP PICK May 28, 2013

His 3 Top Picks are investments that he likes on the upside as well as the downside. This one consists of 100 companies that are market weight and that have performed well in market or economic downturns. There is a lot of food and utilities in there.

$33.440

Stock price when the opinion was issued

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PAST TOP PICK

(A top pick May 28/13. Up 12.35%.) (Picked these 3 thinking you should get more defensive over the summer.) This is basically telecommunications, energy, utilities, all US. It is a rules-based ETF so, only companies that are in the ETF pass a value criteria. Beta is 0.58.

COMMENT

Growth expense ratio on this is 66 or 74 basis points. That is a little high. It has a nice name. Defensive equity is a very alluring. It will probably do you no harm, but he would recommend you look at some of the Vanguards where they have incredible low expense ratios. You are going to find a lot of the defensive names falling into the low volume names category as well.