Opinions
Jim McGovern
iShares MSCI United Kingdom ETF
EWU-N
DON'T BUY
Jun 05, 2017
$34.740
Stock price when the opinion was issued
E.T.F.'s
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BUY ON WEAKNESS
DON'T BUY
Large Caps UK. This is a big issue with BREXIT in play. If you look at UKX-T you can see nothing has been gained from 2017 to 2019. He thinks it is very close to a time to invest in the British Pound. He prefers EWUS-T for smaller cap stocks because they have much higher upside. He is starting to nibble.
E.T.F.'s
BUY
A past pick. EWU carries the 100 biggest UK stocks; 70% of their revenues come outside the UK, because they're multinationals. The UK left the EU and the world didn't end. Sterling is quite weak, so you can still buy this. The UK will leave the EU by year's end with or without a deal. Pays a 4.5% yield at 14x earnings.
E.T.F.'s
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A Great Britain ETF? He is not wild about Britain right now, only because the uncertainty is very difficult. Remember you are taking exposure to the British pound indirectly, which bounces around like a ping-pong ball.