BMO Equal Weight Bank ETF
ZEB-T
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The banks are very inexpensive. His stance has been to focus on the US banks. He would like KBE-N preferably. This has long secular growth trails and you might do better in US banks.
The banks are very inexpensive. His stance has been to focus on the US banks. He would like KBE-N preferably. This has long secular growth trails and you might do better in US banks.
ZEB or ZWB? He has lightened up on the banks and is less than market weight now. He looks at the mortgage and housing markets, and right now it is not the best environment for the banks. Probably should be in the ETF with the covered call, ZWB. Tariffs are causing concerns and may wait till these issues are resolved. He would wait before committing to either of these ETF's.
ZEB or ZWB? He has lightened up on the banks and is less than market weight now. He looks at the mortgage and housing markets, and right now it is not the best environment for the banks. Probably should be in the ETF with the covered call, ZWB. Tariffs are causing concerns and may wait till these issues are resolved. He would wait before committing to either of these ETF's.
It charges a high 62 basis points, which is nuts. But it does access the Canadian banks. This should be 15 basis points tops. He still likes it though.
It charges a high 62 basis points, which is nuts. But it does access the Canadian banks. This should be 15 basis points tops. He still likes it though.
ZWB-T vs. ZEB-T. ZEB-T gives you the max growth of the 6 banks. ZWB-T enhances your yield and is more defensive. The covered call strategies have a little higher MER. The difference between them is the implied volatility.
ZWB-T vs. ZEB-T. ZEB-T gives you the max growth of the 6 banks. ZWB-T enhances your yield and is more defensive. The covered call strategies have a little higher MER. The difference between them is the implied volatility.
It holds Canadian banks on an equal weight approach. If you have a small amount of investment capital (around $20,000 or more), he would suggest buying the individual banks yourself through a discount broker to avoid the fee with the ETF as the fund only holds 5-7 stocks.
It holds Canadian banks on an equal weight approach. If you have a small amount of investment capital (around $20,000 or more), he would suggest buying the individual banks yourself through a discount broker to avoid the fee with the ETF as the fund only holds 5-7 stocks.
Canadian banks are coming into seasonal strength, October until the end of the year. He likes the banks.
Canadian banks are coming into seasonal strength, October until the end of the year. He likes the banks.
ETF versus buying bank stocks. Canada banks as a whole should continue to perform well. Regulatory testing on mortgages will be a headwind. Bank stocks generally trade at two times book value (which is relatively cheap) and the return on equity is better than the US. When interest rates rise they earn more. He thinks Royal (RY-T) and TD (TD-T) are best in class assets.
ETF versus buying bank stocks. Canada banks as a whole should continue to perform well. Regulatory testing on mortgages will be a headwind. Bank stocks generally trade at two times book value (which is relatively cheap) and the return on equity is better than the US. When interest rates rise they earn more. He thinks Royal (RY-T) and TD (TD-T) are best in class assets.
(A Top Pick Oct 27/17 Up 2%.) Has been underperforming lately. It’s a great sector and canadian financials are great companies, but he just thinks there are better opportunities somewhere else. They are looking to come back to the financial sector in January when banks do well again.
(A Top Pick Oct 27/17 Up 2%.) Has been underperforming lately. It’s a great sector and canadian financials are great companies, but he just thinks there are better opportunities somewhere else. They are looking to come back to the financial sector in January when banks do well again.
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