Hap (Robert) Sneddon FCSI
iShares MSCI Singapore E.T.F.
EWS-N
PAST TOP PICK
Aug 12, 2008
(A Top Pick Oct 9/07. Down 23%.) Recent market fluctuations give pause on Asian markets and would be cautious. Of all the Asian market, this is the most reasonable as far as support. If it broke through its support, he would Sell.
Views Singapore favourably. Big problem with global ETF’s is that indexes were never meant to be construed as well diversified portfolios. 55% financials is too heavy a weighting.
Likes to have his money outside of Canada and he likes the Asian story. Wants investments that mitigates the Cdn$. Pretty volatile but a nice way to play China.
Singapore's proximity to China is good, and Singapore is stable and has the rule of law. Holding Singapore in a portfolio is a significant diversifyer.