Opinions

John Hood BETAPRO SP TSX 60 DAILY INVERSE ETF HIX-T COMMENT Sep 03, 2010

60 Inverse ETF. If he were betting against the market and going into an inverse, this is one he would choose because it is not multiplied.

John Hood

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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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John Hood BETAPRO SP TSX 60 DAILY INVERSE ETF HIX-T COMMENT Sep 03, 2010

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