BMO Emerging Mkts Bond Hedged CAD (ZEF.TO)

Pays a pretty decent yield, currently at about 4.65%. Basically it holds the emerging-market bonds. You could easily make the argument that the bonds of these countries are going to become more and more worthy down the road because the countries are becoming more competitive, more productive and debt levels are coming down.

Looked at it for alternative income streams. A lot of countries that might be dicey in terms of what is going on in Europe. He doesn't like to rely on emerging markets for income. Would prefer a covered call on RY-T. Likes VEE-T for emerging market investment because it is lower cost, along with BMO's.

(Top Pick Nov 28/11, Up 17.63%)

He likes looking for things that are relatively conservative. Bonds are dangerous as we are at the bottom of rates globally but in emerging markets there is still some room for some rate cuts. This one is for people who want to have income but are afraid of where we are in the cycle in North America.

He would not be buying any bonds right now and he would also want to make sure the duration of that portfolio wasn't more than 2.5-3 years. You can get this from BMO’s website. Check the fact sheet.

(A Top Pick Nov 28/11. Up 12.77%.) This ETF buys 1 bond from each emerging-market country. No euro bonds are in this fund. Has benefited from falling yields. Might be time to start liquidating soon because yields have stopped sliding.