Opinions
Stan Wong
iShares MSCI EAFE E.T.F.
EFA-N
PAST TOP PICK
Jun 25, 2015
Stock price when the opinion was issued
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Europe, Asia and Far East. XEF-T is a Canadian version. Biggest weighting is Japan, which is one of the cheapest countries out there. Compared to North American indexes, you get a higher dividend, has a valuation discount as measured by forward price earnings as well as price to book multiple.
This holds Japan, UK, Germany, European countries. If Japan and Germany are going to be accommodating their monetary policies, it looks ideal to be investing in European equities right now, particularly since we do have the favourable seasonal trend ahead of us. Markets around the globe tend to benefit from the positive 6 months’ seasonal trend from October to May. Everything looks set up for European markets to now outperform the S&P 500.
(A Top Pick June 24/14. Down 1.05%.) The actual investment itself was up 14.5%, but because of the rising US$, it has taken away from the returns, so he moved into Wisdomtree International Hedged Equity Fund (HEDJ-N) giving exposure to Europe.