Q: Hi, Pat. I am wondering about investing in the Horizons Seasonal Rotation ETF. What are your thoughts on this ETF as an investment? Thanks.

A: The Horizons Seasonal Rotation ETF, $22.15, symbol HAC on Toronto (Units outstanding: 13.1 million; Market cap: $290.2 million; www.horizonsetfs.com), is an example of an ETF that shows a wide disparity between its holding and the investments that the sales literature describes.

For example, this ETF aims… Read More

Q: Pat, Hello. If this request fits with your Inner Circle letter objective could I have your opinion on Mainstreet Equity Corp.? Thank you for your time.

A: Mainstreet Equity Corp., $64.36, symbol MEQ on Toronto (Shares outstanding: 9.4 million; Market cap: $603.8 million; www.mainst.biz), owns 326 properties with a total of 12,333 apartment units, mainly in Western Canada.

In the three months ended June 30, 2019, the company’s revenue rose 18.4%, to $34.7… Read More

Q: Pat, I am 72 years old and have a million-dollar-plus investment portfolio, mainly in blue chip, dividend-paying stocks. I recently bought some of BMO International Dividend ETF. Could you give me your opinion on this ETF. Have been an Inner Circle member for years and value your advice.

A: BMO International Dividend ETF, $19.68, symbol ZDI on Toronto (Units outstanding: 15.0 million; Market cap: $295.2 million; www.bmo.com), aims to provide exposure to a yield-weighted portfolio of dividend-paying companies in developed markets outside of North America. This could include foreign ADRs trading on U.S. exchanges.

The… Read More