Opinions
Michael Bowman
BETAPRO SP TSX 60 DAILY INVERSE ETF
HIX-T
WATCH
Oct 30, 2013
$9.290
Stock price when the opinion was issued
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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.
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Inverse ETFs for when the market turns bearish. We don’t know which market is going to turn. We know that it is very difficult to forecast the market. Forecasters are never wrong, they are just early. This would be the one to buy. It hasn’t done a lot because the market has been so strong, but markets don’t go up in a straight line. You have to look at a TSX chart, look at some support resistance, throw on some 50 day, 200 day and 20 day moving averages and try to pick a spot where you are comfortable buying it. Not a long-term hold.