Opinions
Tyler Mordy
iShares MSCI Europe IMI Index ETF (CAD-Hedged)
XEH-T
BUY
Jul 15, 2021
$29.000
Stock price when the opinion was issued
E.T.F.'s
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Allan Tong’s Discover Picks Trading on the TSX and hedged to the Canadian dollar, XEH stock hit lows of $24.34 last October, but has since popped nearly $5. XEH is steady with a 1.01 beta, pays a 3.14% dividend yield and charges only a 0.28% MER. Its top holdings are Nestle, ASML, Roche, LVMH, Novartis, AstraZeneca and Unilever. Luxury goods are enjoying healthy sales despite inflation and healthcare remains a top defensive sector. XEH is the safest name on this list, one for income earners who wish to sleep at night. Read 3 Promising Oversold Stocks for our full analysis.
E.T.F.'s
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XEH vs. XEU European valuations are much more attractive than US ones. Both are great for broad-based European exposure. Look at EUFN to supplement your core holding, a good value play. Very difficult to make an assessment of the Euro to the CAD. Both are around fair value now. He'd lean to the hedged version, XEH. The EM currencies provide the most attractive value right now so, if your risk tolerance allows, he'd look at those equities and unhedge that currency versus the CAD.