Stockchase Opinions

Vikash Jain, CFABMO DJ Industrial Ave Hedged to CAD ETFZDJ.TOTOP PICKMar 26, 2012

He was holding the S&P 100 but switched because he wanted to drive down the risk exposure of his portfolio. He likes the most stable blue chips. Bigger is better. This ETF gives currency hedging. Good dividend yield.
$22.81

Stock price when the opinion was issued

$77.40

As of Jun 05, 2026. Market Open.

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COMMENT
It gives exposure to the Dow with a currency hedge. It could be a good way to play it for Canadians in terms of exposure. He would stick to the S&P500 rather than to the Dow.
COMMENT

A Cdn$ Dow Jones Unhedged ETF’s? This is one, but is not sure if other ETF providers in Canada have an unhedged Dow.

WAIT

Dow Jones Industrial Average. In February we should get the low point for the year. He thinks it will be between at the October and December lows. He plans on buying on dips.

DON'T BUY

The 30 biggest companies in the US. You can use these for income. In a rising market, however, covered calls crimp your gain.

PAST TOP PICK

(A top pick Sept 5/12. Up 4.3%.) Wanted a broader based product of US but also wanted to take a currency hedge off. Switched into Vanguard S&P 500 Index ETF (VFV-T). This one was geared more to big international US companies. Dow Jones didn’t do quite as well as the S&P 500 in 2012 because it doesn’t have as big a financial and technology exposure.

PAST TOP PICK

(Top Pick Mar 26/12, Up 3.40%) Mar 26 was the high for the year but he owned since the beginning of the year and he is up.

TOP PICK

(A Top Pick Jun1 1/11. Up 8.37%.) Likes the Dow Jones Industrial index better than the S&P 500 at the moment. About 21% of the Dow Jones Industrial is industrial in some of the most famous names in the US with respect to companies that will benefit from a global recovery.

BUY
2.4-2.7% yield. Likes it. Good quality ETF. Good way to play the US for dividends.
DON'T BUY
S&P US Div. Growth Fund (CUD-T) or DJ Industrial Ave Hedged to CAD ETF (ZDJ-T) for a good dividend yield? He wants dividend but also wants some growth potential. The trouble with the Dow is that it is price weighted, which means that the highest weighting in the Dow is the one with the highest stock price. Not crazy about this.
PAST TOP PICK
(A Top Pick March 26/12. Down 6.32%.)
BUY
Hedged to Canadian Dollars. Part of US strength is from US$ weakness.
BUY
DJ Industrial Average Hedged to Cdn ETF. Good way to play the US market. There is now a covered call on this that they have just started in the last few days. If we are having a sluggish economy, this is a good way to play it.
BUY
DJ Industrial Ave Hedged to CAD ETF. Good idea and nothing wrong with it.
TOP PICK
DJ Industrial Ave Hedged to CAD ETF. If he could pick a theme it would be the big multinationals in the US driving earnings. Takes the currency risk out of it. Nice yield.