BUY
Tech has been very popular among his clients who want exposure to FAANGs. He likes this a lot. VGT is one of the most liquid, diversified and cheapest ETFs in this space. It holds hundreds of companies, a bit of everything. Charges only 10 basis points.
BUY
Likes it. It's a one-ticket solution to get a full portfolio that pays a little yield; an active ETF constructed from other BMO ETFs, an ETF of ETFs. This has been around for a while. It's a good, conservative pick. Tip: Compare ZMI to VCIP and see which one you prefer.
BUY
Good for a passive couch potato strategy? A couch potato strategy is great--a simple asset allocation using ETFs. VGRO is a one-ticket solution, bundling several Vanguard ETFs under a small fee. This holds a 80/20 stock/bond split. Loves this ETF, though more conservative investors may want a 60/40 or 40/60 mix. Compare this to XGRO and ZGRO to find the best fir for you.
BUY
It has seasonal rotation in its name. Really likes it. It's highly active with high turnover of stocks opportunistically (sort of like a hedge fund manager). This is perfectly fine for aggressive investors who can stomach the ride (i.e. HAC can shift to cash for long periods).
PARTIAL BUY
A popular ETF that gives the double-whammy of Canadian dividend stocks and writes call options on them. It's tax-efficient in a non-dividend account. It pays over a 6% yield. But this charges 72 basis points and has a covered call overlay, so you won't participate as much in a market move upwards. So, limit your investment here.
TOP PICK
Investors should own Canada in their portfolios. He buys this for conservative, lower-risk clients given the low-volatilty in this ETF. This is the poster child of Low-Vol Anomaly: some low-vol stocks actually outperform than higher-vol. ZLB is overweight utilities and financials, so if there are rapid moves in interest rates, it could hurt those sectors.
TOP PICK
US equities are essential, and this is a smart-beta ETF to put alongside an S&P 500 allocation. He likes this ETF for its dividends and high-quality stocks as well as its variable currency hedge.
TOP PICK
Bonds are tough, but are the cushion of a balanced portfolio. This is actively managed and tracks the Canadian benchmark. It has neutral duration positioning which he likes.
COMMENT
UK rejects another Brexit proposal today which creates further uncertainty. She suspects the decision will just got pushed back more. She invests in US dollars outside Canada, so the UK pound doesn't effect her investments directly. Rosenberg warns of recession fears: the Canadian economy is certainly weaker than America's but Canada's employment numbers last week were very strong. Also, the US shutdown in December-January distorted their economic numbers. The US service sector remains strong and has rebounded from December. Also central banks around the world, including Canada's, are holding interest rates for now. We're heading into an election year, so policies may be tweaked to help our economy. The OECD is still projecting world growth--albeit it is slowing, and the UK is a weak spot.
BUY
Disney+ streaming service She's optimistic that it'll do well. Last year, Disney streamed ESPN and have picked up subscriber growth. They plan on pricing Disney+ at a discount to Netflix. Disney has lots of content, like Star Wars, Pixar and Marvel. They will make original shows. They bought 20th Century Fox to add more content. Also have National Geographic content. More details to come on analyst day in April.
WATCH
Fear of regulatory fines Regulatory risks still overhang the stock. She's on the sidelines watching this issue.
WAIT
It's lagged in the past year. Just closed the Aetna purchase. Lots of negative sentiment, including political talk of limiting drug costs as well as fears of Amazon taking over drug delivery. Aetna recently decreased their guidance and the stock dropped. That said, CVS they have good assets including health insurance. Trades at a low 8x multiple. She'll wait what they have to say on investor day in May. Yield is over 3%.
BUY
Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
BUY
Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
DON'T BUY
They're in a great space and appear to do it well. It's a high-growth and -momentum name, which is not her style of stock. It has had stumbles in the past and has come off sharply. High-growth but the valuation keeps her on the sidelines.