Stockchase Opinions

John Hood Vangrd European E.T.F. VGK-N PAST TOP PICK Apr 13, 2015

(A Top Pick March 20/14. Down 0.29%.) Sold his holdings because he was worried about the European currencies.

$55.610

Stock price when the opinion was issued

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How to invest in Europe? Thinks Europe is growing, coming out of the recession they were in. Euro is down because of the Greek situation, and if US interest rates go up it will weaken the euro, which will help the Europeon exporters. Suggests investing in an index like Vanguard.

PAST TOP PICK

(A Top Pick July 18/14. Down 2.81%.) Sold this last November, because it is not hedged. A really good ETF, well diversified, low cost and it paid a really good dividend of about 4%. His concern was the euro, so he got out. Also, the performance was a little bit lacklustre.

DON'T BUY

FEZ-N vs. VGK-N. Europe is cheap, in relative value terms, but he thinks there is another leg down so is not putting new money into Europe right now. He is defensive over all. He likes the ZEW-T because of hedging and covered call.

TOP PICK

This holds the largest cap companies in Europe. It is developed countries. There is no Greece. A huge ETF, something like $24 billion. Extremely cheap. If you want to play Europe, it’s a great way to go.

TOP PICK

He likes Europe, but not in love with it, and is doing this for diversification purposes. Doesn’t see anything horrific in Europe, but it is always a basket case, but not the way it was 2 or 3 years ago. He is in this one tentatively.

PAST TOP PICK

(Past Top Pick Oct. 10, 2017, Down 7%) What was I thinking? He's been in and out of this a few times. Europe is such a morass with all kinds of trouble. This ETF itself is fine, but Europe is a mess.

PAST TOP PICK
(A Top Pick Jan 19/18, Down 14%) He exited sometime in the summer. Something always happens in Europe. Too many problems. In EM at least there is growth there. He got burned every time he got there.
DON'T BUY
Well diversified, low cost ETF. However, every time he's bought it, something happens and he sells it. He's not in Europe right now because of all it's problems.
BUY
Good choice for investors looking at European exposure. Price point is fair. Catalyst to unleash further value won't occur until war in Ukraine ends.
BUY

Very broad. MER of 11 bps, almost free. Down less compared to US right now. This trend will tend to continue rather than unwind. See his Top Picks.