Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
July 5, 2017

This has about 10 US bank positions with a currency hedge on it. He sees the Cdn$ making its way back down to $.75-$.73 range, with American banks being leaders in the back half of the year.

This has about 10 US bank positions with a currency hedge on it. He sees the Cdn$ making its way back down to $.75-$.73 range, with American banks being leaders in the back half of the year.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$26.850
Owned
Unknown
COMMENT
COMMENT
July 5, 2017

Is the hedging aspect hurting the performance? This was a core holding for him. Earlier in the year he moved from being currency hedged to unhedged. Currencies in the EAFE index will be accretive, so you are better not to have the currency hedged.

Is the hedging aspect hurting the performance? This was a core holding for him. Earlier in the year he moved from being currency hedged to unhedged. Currencies in the EAFE index will be accretive, so you are better not to have the currency hedged.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$20.670
Owned
No
COMMENT
COMMENT
July 5, 2017

On a longer-term basis, emerging markets are going to be an area that will continue to grow. It is the riskiest of all the classes. Vanguard’s are generally very inexpensive, and this is as good as any for tracking this particular market.

On a longer-term basis, emerging markets are going to be an area that will continue to grow. It is the riskiest of all the classes. Vanguard’s are generally very inexpensive, and this is as good as any for tracking this particular market.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$31.930
Owned
Unknown
TOP PICK
TOP PICK
July 5, 2017

Your portfolio is going to be made up of fixed income and equities, and he recommends that within the equity portfolio that you have 1/3 of your equity positions invested in international markets. That is a big order, and if you need to start somewhere, this is the one he is using. A great entry point into the international market.

Your portfolio is going to be made up of fixed income and equities, and he recommends that within the equity portfolio that you have 1/3 of your equity positions invested in international markets. That is a big order, and if you need to start somewhere, this is the one he is using. A great entry point into the international market.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$17.930
Owned
Yes
TOP PICK
TOP PICK
July 5, 2017

When you are into an EAFE (See comments under Top Picks for ZEA-T) he likes continental Europe. This one excludes Japan and the UK. It tends to focus on euro focused countries. Thinks France and Germany politically will be in the driver’s seat in the next 6 months.

When you are into an EAFE (See comments under Top Picks for ZEA-T) he likes continental Europe. This one excludes Japan and the UK. It tends to focus on euro focused countries. Thinks France and Germany politically will be in the driver’s seat in the next 6 months.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$29.680
Owned
Yes
TOP PICK
TOP PICK
July 5, 2017

He really wants people to look outside of North America. About two thirds of your portfolio should be outside of Canada with a third if that in the US, a third international, and maybe a small sliver in a more aggressive portfolio into emerging markets. This is going to be the area that has the greatest growth. He is using this as a proxy for China, because XSI and some of the other specific Chinese ETF’s are much more expensive.

He really wants people to look outside of North America. About two thirds of your portfolio should be outside of Canada with a third if that in the US, a third international, and maybe a small sliver in a more aggressive portfolio into emerging markets. This is going to be the area that has the greatest growth. He is using this as a proxy for China, because XSI and some of the other specific Chinese ETF’s are much more expensive.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$25.330
Owned
Yes
COMMENT
COMMENT
July 5, 2017

A good Short? The short answer is yes, and the long answer is yes, but he would advise against doing it. To do it, he would put a Long against it such as Lundin Mining (LUN-T) or Hudbay Minerals (HBM-T). They have an awful lot of debt and are very concentrated in Zambia. There are execution risks on a very large mine they are building in Panama. With a lot of debt attached, this is a very tough place to be.

A good Short? The short answer is yes, and the long answer is yes, but he would advise against doing it. To do it, he would put a Long against it such as Lundin Mining (LUN-T) or Hudbay Minerals (HBM-T). They have an awful lot of debt and are very concentrated in Zambia. There are execution risks on a very large mine they are building in Panama. With a lot of debt attached, this is a very tough place to be.

Daniel Lloyd
Portfolio Manager, Forge First Asset Management
Price
$11.460
Owned
No