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John Hood, President & Portfolio Manager, J.C. Hood Investment Counsel
FOCUS: Options & ETFs
Market Outlook:
I continue to be bullish on the U.S. market as I have been since 2009. Normally I have bought the USD hedged XSP but of late I am buying Vanguards VV (large cap 660, not hedged). I think we have to keep in mind that as Canadian investors, we are not responsible for U.S. debt obligations nor are we buying the U.S. economy; rather we are buying very successful U.S. businesses with global exposure in an improving U.S. domestic market environment.
TOP PICKS:
Vanguard Large-Cap ETF (VV NYSE)
Low fees, $72 U.S. large cap.
BMO Covered Call Canadian Banks ETF (ZWB TSX)
Banks at $14.00. Money market for short term on Canadian.
iShares S&P/TSX 60 Index Fund (XIU TSX)
| Disclosure: | Personal | Family | Portfolio/Fund |
| VV | Y | N | Y |
| ZWB | Y | N | Y |
| XIU | Y | N | Y |
PAST PICKS: March 28, 2012
iShares S&P 500 Index Fund (CAD-Hedged) (XSP TSX)
| Then: $16.06 | Now: $18.22 | +13.45% | TR: +15.44% |
iShares China All-Cap Index Fund (CHI TSX)
| Then: $18.14 | Now: $18.33 | +1.05% | TR: +6.41% |
BMO Equal Weight Global Base Metals Hedged to CAD ETF (ZMT TSX)
| Then: $15.55 | Now: $11.40 | -26.69% | TR: -25.87% |
Total Average Return: -1.34%
| Disclosure: | Personal | Family | Newsletter Pick |
| XSP | Y | N | Y |
| CHI | Y | N | Y |
| ZMT | Y | N | Y |