Mike Philbrick
Ishares Currency Hedged MSCI Japan ETF
HEWJ-N
TOP PICK
Aug 31, 2018
With 10% of the global economy and market cap, it is very underweighted in Canadian portfolios. He favors hedging away the currency risk right now. The key holdings like Toyota, Mitsubishi, and Sony are not in a lot of investor portfolios. He does not invest in this portfolio directly, as they buy the individual companies, but this is the way an individual can diversify.
(A Top Pick Aug 31/18, Down 5%) This was an opportunity to diversify outside of North American markets. This has been an avoidance of concentration and downside exposure in North America.
With 10% of the global economy and market cap, it is very underweighted in Canadian portfolios. He favors hedging away the currency risk right now. The key holdings like Toyota, Mitsubishi, and Sony are not in a lot of investor portfolios. He does not invest in this portfolio directly, as they buy the individual companies, but this is the way an individual can diversify.