Opinions
Larry Berman CFA, CMT, CTA
BMO Long-Term US Treasury Bond
ZTL-NLB
BUY
Apr 01, 2019
Buy the Canadian or US dollar version? If you have US dollars in a US dollar account you would buy in US dollars. If you hold it in Canadian dollars the holdings are in US dollars so you get the currency exposure and that is what you want. You want this until stocks start selling off.
N/A
Stock price when the opinion was issued
E.T.F.'s
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A contrarian pick, because if the markets are going to sell off, there is often a flight to safety, and bonds can be okay. He doesn’t expect huge upside on this, but some neutral to positive upside. The contrarian side is that this is not hedged. In the near term, the loonie is a little overbought, so we may get a little pop on the exchange settling down a little. He is probably going to hold this for 1 to 2 months.
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