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COMMENT
COMMENT
November 16, 2020

He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.

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He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.

COMMENT
COMMENT
November 16, 2020

He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.

Show full opinionHide full opinion

He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.

COMMENT
COMMENT
November 16, 2020
It has a narrow number of holdings so there will be higher volatility. He would not typically recommend concentrated portfolios. If you are a momentum investor, you could look into it.
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It has a narrow number of holdings so there will be higher volatility. He would not typically recommend concentrated portfolios. If you are a momentum investor, you could look into it.
BUY
BUY
November 16, 2020
Convertible bonds give some leverage to upside. From that perspective, it is an interesting play. You need to be careful because it is not a fixed income but a play on the equity market. A great tool if you understand where convertibles can fit into your portfolio. You need to be bullish on equities.
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Convertible bonds give some leverage to upside. From that perspective, it is an interesting play. You need to be careful because it is not a fixed income but a play on the equity market. A great tool if you understand where convertibles can fit into your portfolio. You need to be bullish on equities.
BUY
BUY
November 16, 2020
One of his picks of the week. A small cap value ETF. He has been trying to write puts for a week and it just keeps going higher and higher. It is a good holding. How much you hold will depend on how you want to build your portfolio. It is higher risk because it is small cap, but 5-10% exposure could make sense. You want to tilt your portfolio and do not want to be fully in.
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One of his picks of the week. A small cap value ETF. He has been trying to write puts for a week and it just keeps going higher and higher. It is a good holding. How much you hold will depend on how you want to build your portfolio. It is higher risk because it is small cap, but 5-10% exposure could make sense. You want to tilt your portfolio and do not want to be fully in.
COMMENT
COMMENT
November 16, 2020
We have recovered from a market perspective so it is natural that the ETF moves. Interest does not move as much and he believes the 5 years is anchored. He would not expect a big change in distributions for the time being. You will see some stability and creeping back.
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We have recovered from a market perspective so it is natural that the ETF moves. Interest does not move as much and he believes the 5 years is anchored. He would not expect a big change in distributions for the time being. You will see some stability and creeping back.
HOLD
HOLD
November 16, 2020

There is still some economic risk, such as mortgage forbearance that has not hit Main Street yet. It's not his favourite area. The Canadian banks came back more than American ones so there is probably more value than other areas. As investors move from growth to value, banks could see some upside. Be cautious and he would prefer the ZWB to get into the Canadian banks.

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There is still some economic risk, such as mortgage forbearance that has not hit Main Street yet. It's not his favourite area. The Canadian banks came back more than American ones so there is probably more value than other areas. As investors move from growth to value, banks could see some upside. Be cautious and he would prefer the ZWB to get into the Canadian banks.