Opinions
Larry Berman CFA, CMT, CTA
Horizons Enhanced Income International Equity ETF.
HEJ-T
WEAK BUY
Oct 22, 2018
$5.970
Stock price when the opinion was issued
E.T.F.'s
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COMMENT
It's the only covered call for international stocks, aimed for investors who want extra yield. Warning: if there's a strong upside move in markets, you won't participate fully in that move. One should always hold a few international equities. This ETF is a yield play. Look at the low-cost XEF as an alternate in international equities. He thinks foreign stocks will hit a rough patch.
E.T.F.'s
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It has an option overlay. He likes this. It is like ZWE-T but with other parts of international markets. There are great dividend paying companies in Japan. You have to be careful of currency exposure but this one is currency hedged. It gives you some diversification. He does not know this ETF that well but gives it a thumbs up.