Opinions
Michael Bowman
Guggenheim Defensive Equity ETF
DEF-N
PAST TOP PICK
May 13, 2014
$36.770
Stock price when the opinion was issued
0
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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.
(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.