Opinions

Michael Bowman BETAPRO SP TSX 60 DAILY INVERSE ETF HIX-T BUY Nov 29, 2012

Likes the single inverse ETFs but stays clear of the doubles on commodities. There is room in every portfolio for a hedge. HIX-T is a good way to play. The doubles are a 2-4 day hold only.

Michael Bowman

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DON'T BUY

He is looking to add shorts to the US market. He uses the RWM-N. When the markets fall, small caps underperform on the way down. You need a currency hedge.

BUY

HIX-T vs. HIU-T. Inverse exposure to their respective indexes. They are a way to hedge your overall exposure. He loves the idea of using these.

TOP PICK

This is for hedging of your nonregistered portfolio. If you want to pull a little bit of risk off the table, you can Buy some of this which will hedge your portfolio a little.

PAST TOP PICK

(A Top Pick Oct 6/16. Down 12%.) This hasn’t worked out. It was put on simply as a hedge for the next 3 weeks until the election.

COMMENT

What ETF shorts the market? Don't short and avoid leveraged ETFs, but if you have to, then look at HIU-T or HIX-T. When you short, you're fighting the dividend and the natural drift upward of equities. Don't short. Instead, look at the TLT-T (up 63% in 2008) or HTB-T (up 29% in 2008); you get the outsized returns from owning a US-denominated bond and get paid to wait.

TOP PICK

MER of 1.4%. It's an inverse product, so if markets will go down, this ETF will go up. But you must watch HIX everyday to see how trading goes, because this is a daily reset.

COMMENT

HIX is an inverse play on the TSX 60 similar to HDGE or RWM. It is a single inverse, so there is only a tiny element of future market exposure. There is no leverage involved in HIX.

PAST TOP PICK

(A Top Pick Jan 06/20, Down 35%) Did very well to end of first quarter. Did poorly for last 1 3/4 years due to Covid. If owned would have sold.

TOP PICK

Like the HIU, rises when the S&P goes down. Own this if you expect hard times ahead, if you're bearish, as banks continue to raise rates to fight inflation.

PAST TOP PICK

(A Top Pick Aug 02/22, Down 2%) It goes up when the market goes down and vice versa. It is reset daily overnight. You must watch this every day.

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Michael Bowman BETAPRO SP TSX 60 DAILY INVERSE ETF HIX-T BUY Nov 29, 2012

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