VIU would be our best choice here. Low fees, unhedged, ex-North America and OK returns, considering international markets have lagged for a long time.
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There has been no signficant recent company news, good or bad. It recently did get some upgrades, with TD noting 'strong contributions from the Chinese market, and no negative operational news'. The decline could be general small cap aversion or tariff fears, as we cannot point to anything specific here. The last quarter was mixed, but estimates have slowly ticked up over the last month. We would consider it OK, with high debt the main drawback for us.
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At 13X earnings, considering earnings, capital markets outlook and interest rate forecasts, we think it still looks good.
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Investing Theme to Watch: Urbanization and Digital Infrastructure
People continue to leave their rural lives behind and flock to cities in nearly every country on the planet. This means better jobs, more excitement and more service for them. Thus, this trend is likely going to continue for decades.
Investment opportunities abound from this shift. Companies can establish the necessary infrastructure to cater to both people’s move to cities and their rapidly growing and changing digital needs. As the citizens of developing countries become wealthier, they are going to want to buy cars, smartphones, digital TVs and everything else that can make their lives better and easier.
New technologies are bound to emerge and the companies that can capture market share of this new trend could do very well.
Is soaring on Trump's steel tariffs, but is -42% the past year. But it comes down to steel prices. He won't sell a share. They've made good acquisitions, and control costs well.