Stockchase Opinions

Larry Berman CFA, CMT, CTA Horizons Enhanced Income International Equity ETF. HEJ-T DON'T BUY Mar 04, 2019

Dividend exposure internationally. He prefers ZWE-T because it is currency hedged but he also has used ZWP-T to give him exposure to the Euro. He would prefer these to HEJ-T at the moment.
$5.690

Stock price when the opinion was issued

E.T.F.'s
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WAIT

International, high dividend, covered call strategy. It is a fine way to play international markets. It is on his radar right now. For new money he would hold onto it and wait to step in.

TOP PICK

It is all about diversification. This is a covered writing ETF, equal weight, and largest international companies. It is not in the midst of a massive bubble.

PAST TOP PICK

(A Top Pick July 30/18 Down 2%) This is a great diversifier for your portfolio. This brings in European market exposure with a covered-write strategy.

WEAK BUY

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.

HOLD
A covered call on international markets ETF. Not a bad think right now if you already hold it. There could be good dividends streams, although he is not thrilled with international markets a the moment.
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.
PAST TOP PICK
(A Top Pick Jul 30/18, Down 5%) International covered writing. Provides extra income in the portfolio with international diversification.