Opinions
The Panic-Proof Portfolio (Stockchase Research)
Harvest Equal Weight Global Utilities Income ETF
HUTL-T
TOP PICK
Oct 19, 2021
Stockchase Research Editor: Michael O'Reilly We reiterated HUTL as a TOP PICK for those looking for global diversification, invested in utilities, with an enhanced yield. We like that about one-third of the portfolio is in US equities, Canada is just over 10%, with Europe representing the rest. It uses a covered-call writing strategy to boost the dividend yield from a portfolio average of 4.0% up over 7.49%. The MER is only 0.5%. In a market that is priced efficiently, this is a good diversification strategy. We would recommend placing a stop loss at $17.00. Yield 7.73%
$19.025
Stock price when the opinion was issued
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COMMENT
A decent ETF. HUTL is globally diversified, fine, but his one concern is that utilities. He predicts global growth to be higher in 2021 than the consensus. Look also at Wisdom Tree ... Look at Asia. EUFN-Q offers a good dividend yield.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly Those looking for global diversification, invested in utilities, with an enhanced yield will like HUTL. We like that about one-third of the portfolio is in US equities, Canada is just over 10%, with Europe representing the rest. It uses a covered-call writing strategy to boost the dividend yield from a portfolio average of 4.0% up over 7.5%. The MER is only 0.5%. In a market that is priced efficiently, this is a good diversification strategy. Yield 7.73%
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TOP PICK
Stockchase Research Editor: Michael O’Reilly We again reiterate HUTL as a TOP PICK for those looking for global diversification, invested in utilities, with an enhanced yield. We like that about one-third of the portfolio is in US equities, Canada is just over 10%, with Europe representing the rest. It uses a covered-call writing strategy to boost the dividend yield from a portfolio average of 4.0% up over 7.0%. The MER is only 0.5%. In a market that is priced efficiently, this is a good diversification strategy. We would recommend trailing up the stop (from $17.00) to $18.50. Yield 7.08%
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TOP PICK
Stockchase Research Editor: Michael O'Reilly With overriding concerns growing about the state of markets, we again reiterate this defensive global utility ETF priced in Canadian dollars as a TOP PICK. Utilities are better able to manage inflationary pressures and rising interest rates than most companies as these costs are able to be passed directly along to the consumer. We like the global diversification and its yield. We recommend sliding the stop loss down to $17.75 to account for current market volatility. Yield 7.4%
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PAST TOP PICK
(A Top Pick May 17/22, Down 2.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HMUTL has triggered its stop $17.75. To remain disciplined, we recommend covering the position at this time. When combined with the previous buy recommendation, this will result in net investment loss of 6%.
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BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
HUTL owns global utility companies, and sells options on 33% of its portfolio. Considering the sector and the possibility of lower interest rates ahead, we would be comfortable buying for income-seeking investors.
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