Opinions
Keith Richards
Active Bear ETF
HDGE-N
PAST TOP PICK
Oct 05, 2012
$20.570
Stock price when the opinion was issued
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COMMENT
A Canadian ETF that would short the S&P 500 or the NASDAQ? Doesn’t know of any on the Canadian side, but there is this one in the US. They take the S&P 500 and pick out a number of stocks, usually around 30 or 40, that their prognosis suggests are overvalued, and they Short the stocks. A great way of buying a basket of shorted stocks. It is about 95% negatively correlated to the S&P 500. Will do pretty much exactly the opposite of the S&P 500.
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DON'T BUY
An ETF that finds some of the weaker companies and shorts them. QBTL-T is a long, low volatility ETF which shorts high beta over valued stocks so it is market neutral. It gives you a negative beta. It is better than HDGE-Q to play a negative environment. If markets go down you will gain some. QTAL-N is a ticker of a US equivalent.
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(A Top Pick Aug 17/12. Down 4.07%.) This is an ETF that Shorts fundamentally poor companies. Can be an okay hedge in your portfolio if you are beginning to feel a little bit cautious about the markets. Likes the concept for short-term periods where you are little bit bearish and you want to offset some of the possible negatives on some of your long stocks.