Greg Newman
BMO EQUAL WEIGHT INDUSTRIALS INDEX ETF
ZIN-T
BUY
Jan 04, 2024
Investing in India.
He uses ETFs. Good one-stop way to get at the India 30, which has done well over the last couple of years. Over the next 30 years, India will be where China was. Very exciting area, investors should own.
An equal weight exposure to industrials in Canada. Airlines and rails are a big factor in Canada, neither of which are attractive at present. He sees a re-test of the lows for February before the down trend of the last couple of years is over with.
He likes this, because you are dealing with Air Canada, Canadian Pacific, a bunch of airlines, Bombardier, etc., away from the normal financials. Has done very well when compared with the TSX.
(A Top Pick Nov 20/17, Up 3%) One of the few Canadian things he likes. Industrials will still do well in Canada, despite our oil patch disaster. Still holds it.
Tech, financials, industrials, and some of the value names are really moving. What's nice is that is has a bias toward some of the mid-cap names. Industrials are in a great sunshine period right now.
Industrials (and financials) will be the winners in the coming reopening. Overall, he doesn't like sector ETFs, because they overcharge to manage just a small basket of stocks vs. an overall index at a low MER. Caveat: Don't own more than 5% of a sector, including industrials.
Holds industrials so reasonable as a diversifier. Hold no more than 15 to 20 percent. If S&P 500 drops in significant way it will have a negative effect on all world markets.
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He uses ETFs. Good one-stop way to get at the India 30, which has done well over the last couple of years. Over the next 30 years, India will be where China was. Very exciting area, investors should own.