Hap (Robert) Sneddon FCSI
Vanguard MSCI EAFE Index ETF
VEF-T
WATCH
Aug 18, 2016
It would have benefited nicely from Brexit. It made a low back in February. It is in an uptrend. If you are going to buy this today, you want to see it test the longer term channel, or break out above $35. We are going to see new data out of England, post Brexit in the near future. This will tell us how businesses have reacted.
(A Top Pick May 1/12. Up 18.5%.) You have to be invested in different parts of the world, even when you think you don’t want to be there, because that kind of diversification cannot only reward you on the upside, but also take away some of the downside.
Japan has had the best of its rally. Likes UK and Europe and they make more sense but Europe is not fixed and the next crisis is in about 5 years there. Likes VGK because it excludes Japan.
A product he uses from time to time and has recommended it in the past. It is an EAFE product, developed markets outside of North America. It has done pretty well.
Had owned this in the past. FTSE is an important index for him. This is all-CAP, as opposed to just the big CAPs like it formerly was. When they changed this, he got out of it. He prefers those that have just the blue chips. Prefers iShares MSCI EAFE (XIN-T).
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It would have benefited nicely from Brexit. It made a low back in February. It is in an uptrend. If you are going to buy this today, you want to see it test the longer term channel, or break out above $35. We are going to see new data out of England, post Brexit in the near future. This will tell us how businesses have reacted.