Market. There is a lot of commotion in the markets right now. Beware of headline risk. Separate the short term headlines from the long term story about China. The domestic policy in China is more important than trade wars. China started reflating in the middle of last year and it is now showing in the data. The more trade wars flare up, the more China stimulates. It is very positive. China is moving from an export-led economy to a consumer led economy. Investors should not get sideswiped by the trade wars. China should be speeding up in the coming months. The Chinese consumer is the biggest macro story of our time.

The financial sector in the US has been unloved. But they are not the same as in 2007. They are not exposed to sub-prime debt and are more regulated. They are trading at good multiples. He uses XLF-N to play the banks. Everyone has rushed into bond funds but he thinks that has been overdone. ZBK-T is a wonderful way to play the correction to the overdone movement into bonds.

Park US$ up to a year – where? BIL has a low MER and a yield to maturity of 2.4%. If you look further out he thinks the bond market further out is at risk.

He likes it. It over-weights the high dividend players. What is going on in Europe is astronomical right now.

This is a hedged ETF. A strong dollar would cause it to underperform. If the US$ rose, domestics would likely perform better. Large caps would do worse if the US$ rose.

Screens the largest global by market cap, avoiding exposure to fossil fuels and climate change risks. This area will continue to explode. It is not a fad. But it does have to align with your personal values.

It has exposure to the Swiss Franc. He is not a fan of these kinds of countries that have not taken deleveraging seriously. He would prefer Sweden (EWW-N).

It tracks the tech sector in the US. We are late stages and the US market is the most expensive in the world. He would prefer something different – see Top Picks.

Effect of a Huawei embargo by Canada? He thinks external dynamics are less important to China than domestic dynamics. Chinese tech companies are insulated from the rest of the world because they have such robust domestic demand.

(A Top Pick Feb 25/19, Down 7%) It is domestic demand that is driving corporate profits in China, rather than export or trade wars. This is a buying opportunity.

(A Top Pick Feb 25/19, Down 4%) The capital spending that occurred in the sector in 2010 was massive. The sector will be either soaring or sandpapering. They are in a volatile range. He is still sitting on gains in it because he bought it much earlier. It was deeply oversold. He is looking to sell it at some point but still recommends it. It's 80% in the US.

(A Top Pick Feb 25/19, Down 3%) It is about 65% emerging markets. It is a one stop shop for merging market exposure.

XBAL-T or XGRO-T. Can either of these be a one-stop portfolio? They are good for a starting point but he could never recommend one for a retiree. Their views are not aligned with his firm's views. The weightings around the world are not aligned with what he calls his 'super-trend' views.

XBAL-T or XGRO-T. Can either of these be a one-stop portfolio? They are good for a starting point but he could never recommend one for a retiree. Their views are not aligned with his firm's views. The weightings around the world are not aligned with what he calls his 'super-trend' views.

Canadian REITs. REITs in general are good in the portfolio but he would not go 'gaga' on them. Canada has had inappropriately low monetary policy. In general Canadian real estate is very expensive. It is an okay building block because of the income potential. XRE-T groups the Canadian REITs. But there are better opportunities around the world.