Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 13, 2017

An example of a kind of satellite position for US equities. For your core, you want to have a low cost, passive Index ETF that gives you a lot of exposure, but if you want to experiment with a new breed of products, Strategic Beta, Factor Investing or Smart Beta, this is a great example. It tracks an index from MSCI which tries to give exposure to 4 market factors, which historically have given evidence of a possibility for outperformance. They are value, quality company stocks that are moving in an up-trending direction. This is currency hedged.

An example of a kind of satellite position for US equities. For your core, you want to have a low cost, passive Index ETF that gives you a lot of exposure, but if you want to experiment with a new breed of products, Strategic Beta, Factor Investing or Smart Beta, this is a great example. It tracks an index from MSCI which tries to give exposure to 4 market factors, which historically have given evidence of a possibility for outperformance. They are value, quality company stocks that are moving in an up-trending direction. This is currency hedged.

Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$23.270
Owned
No
TOP PICK
TOP PICK
January 13, 2017

An example of a core holding for an international equity. It is currency hedged, so it is hedged against the fall of other global currencies relative to CAD, mostly euro and Asian currencies. If you believe that international equities are going to perform well over the future, but it is going to be export driven companies that do well, you may wish to bias towards large caps.

An example of a core holding for an international equity. It is currency hedged, so it is hedged against the fall of other global currencies relative to CAD, mostly euro and Asian currencies. If you believe that international equities are going to perform well over the future, but it is going to be export driven companies that do well, you may wish to bias towards large caps.

Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$19.580
Owned
No
TOP PICK
TOP PICK
January 13, 2017

If you showed a graph, you would almost see a flat line. It doesn’t mean that the patient is dead. It is basically an ETF that holds Cash. Pays about 1%. If you are very tax sensitive and you don’t like premium bonds, but want a cash like exposure in an ETF form, this is a way to do it.

If you showed a graph, you would almost see a flat line. It doesn’t mean that the patient is dead. It is basically an ETF that holds Cash. Pays about 1%. If you are very tax sensitive and you don’t like premium bonds, but want a cash like exposure in an ETF form, this is a way to do it.

Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$0.000
Owned
No
COMMENT
COMMENT
January 13, 2017

He likes this. Technically, it is above the 200-day moving average, which is positive. Fundamentally, it looks interesting. The most dominant Chinese e-commerce company, dominating about 75% of online sales. Recently upgraded the type of things they are selling online. Fundamentally it makes a lot of sense. Trading at a pretty decent valuation at about 30X valuation, but growing at a pretty high clip of 20%-25%.

He likes this. Technically, it is above the 200-day moving average, which is positive. Fundamentally, it looks interesting. The most dominant Chinese e-commerce company, dominating about 75% of online sales. Recently upgraded the type of things they are selling online. Fundamentally it makes a lot of sense. Trading at a pretty decent valuation at about 30X valuation, but growing at a pretty high clip of 20%-25%.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$87.370
Owned
No
COMMENT
COMMENT
January 13, 2017

Recently sold his holdings. Looking at the macro picture, he is stepping more into cyclical names, and away from defensive, low volume, high dividend type names. Probably wouldn’t want to own a lot of consumer staples. He is zero weight in consumer staples. There is lots of competition with Loblaw’s, Walmart, etc.

Metro Inc (A) (MRU-T)
January 13, 2017

Recently sold his holdings. Looking at the macro picture, he is stepping more into cyclical names, and away from defensive, low volume, high dividend type names. Probably wouldn’t want to own a lot of consumer staples. He is zero weight in consumer staples. There is lots of competition with Loblaw’s, Walmart, etc.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$40.760
Owned
No
COMMENT
COMMENT
January 13, 2017

In tobacco, he likes this a bit more because the US$ is going to be continuously bullish going through the next couple of years. Phillip Morris (PM-N) is based on international operations, where Altria is based on domestic revenues. Phillip Morris has dropped below its 200-day moving average. After many years of these tobacco stocks doing extremely well and paying a nice dividend, the investment market has started to step away from some of these names. They’ve gotten very expensive. Dividends are good, but are probably not going to grow very quickly. In a rising interest rate environment, these look less and less attractive.

Altria Group Inc (MO-N)
January 13, 2017

In tobacco, he likes this a bit more because the US$ is going to be continuously bullish going through the next couple of years. Phillip Morris (PM-N) is based on international operations, where Altria is based on domestic revenues. Phillip Morris has dropped below its 200-day moving average. After many years of these tobacco stocks doing extremely well and paying a nice dividend, the investment market has started to step away from some of these names. They’ve gotten very expensive. Dividends are good, but are probably not going to grow very quickly. In a rising interest rate environment, these look less and less attractive.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$67.580
Owned
No
COMMENT
COMMENT
January 13, 2017

He continues to like this. They are expanding very nicely internationally, into markets like China. It is a little expensive, trading at around 25-27 times earnings. However, there is no other name like this. Technically it has broken out a little above the 200-day moving average.

Starbucks (SBUX-Q)
January 13, 2017

He continues to like this. They are expanding very nicely internationally, into markets like China. It is a little expensive, trading at around 25-27 times earnings. However, there is no other name like this. Technically it has broken out a little above the 200-day moving average.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$57.850
Owned
Yes