oil prices
Dear Inner Circle Member,
Here’s the text of the most-recent letter I sent to our Portfolio Management clients in late January:
“In 2017, déjà vu could turn out to be the investor tool of the year.
History always tries to repeat itself, but never quite succeeds—especially in the stock market....
Here’s the text of the most-recent letter I sent to our Portfolio Management clients in late January:
“In 2017, déjà vu could turn out to be the investor tool of the year.
History always tries to repeat itself, but never quite succeeds—especially in the stock market....
Ottawa recently approved a plan to double capacity on the Trans Mountain pipeline, which pumps crude oil from Alberta to Vancouver. As well, U.S. President Donald Trump has signed an executive order giving conditional approval to TransCanada’s proposed Keystone XL pipeline....
We think conservative investors can hold up to 10% of their portfolios in foreign stocks. One way to do that is to buy carefully chosen exchange-traded funds (ETFs) that have an overseas focus.
The best ETFs continue to offer very low management fees and well-diversified, tax-efficient portfolios of highquality stocks.
Here’s a look at four international ETFs we see as buys, and two we feel you should hang on to:
ISHARES MSCI EMERGING MARKETS INDEX FUND $37.36 (New York symbol EEM; buy or sell through brokers) aims to track the MSCI Emerging Markets Index.
The fund’s geographic breakdown includes China, 26.1%; South Korea, 14.7%; Taiwan, 12.0%; India, 8.1%; Brazil, 8.0%; South Africa, 6.6%; Russia, 4.2%; Mexico, 3.4%; Indonesia, 2.5%; Malaysia, 2.5%; Thailand, 2.3%; and the Philippines, 1.2%.
Its top holdings are Samsung Electronics (South Korea), 4.1%; Tencent Holdings (China: Internet), 3.6%; Taiwan Semiconductor (computer chips), 3.5%; Alibaba Group (China: e-commerce), 2.7%; Naspers (South Africa: media and Internet), 1.7%; China Mobile, 1.7%; China Construction Bank, 1.5%; Baidu (China: Internet), 1.1%; Industrial & Commercial Bank of China, 1.1%; and Hon Hai Precision (Taiwan), 1.0%.
iShares launched the ETF on April 7, 2003....
The best ETFs continue to offer very low management fees and well-diversified, tax-efficient portfolios of highquality stocks.
Here’s a look at four international ETFs we see as buys, and two we feel you should hang on to:
ISHARES MSCI EMERGING MARKETS INDEX FUND $37.36 (New York symbol EEM; buy or sell through brokers) aims to track the MSCI Emerging Markets Index.
The fund’s geographic breakdown includes China, 26.1%; South Korea, 14.7%; Taiwan, 12.0%; India, 8.1%; Brazil, 8.0%; South Africa, 6.6%; Russia, 4.2%; Mexico, 3.4%; Indonesia, 2.5%; Malaysia, 2.5%; Thailand, 2.3%; and the Philippines, 1.2%.
Its top holdings are Samsung Electronics (South Korea), 4.1%; Tencent Holdings (China: Internet), 3.6%; Taiwan Semiconductor (computer chips), 3.5%; Alibaba Group (China: e-commerce), 2.7%; Naspers (South Africa: media and Internet), 1.7%; China Mobile, 1.7%; China Construction Bank, 1.5%; Baidu (China: Internet), 1.1%; Industrial & Commercial Bank of China, 1.1%; and Hon Hai Precision (Taiwan), 1.0%.
iShares launched the ETF on April 7, 2003....
GENERAL ELECTRIC CO. $30 (New York symbol GE; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 9.2 billion; Market cap: $276.0 billion; Price-to-sales ratio: 2.2; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.ge.com) is a leading maker of industrial machinery, including jet engines, power plant equipment and locomotives....
Discover how dividend stocks can be the most profitable stocks in your portfolio
CAMECO CORP. $14.39 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares o/s: 395.8 million; Market cap: $5.7 billion; Dividend yield 2.8%) rose as high as $17.67 in January—up almost 22%—following Kazakhstan’s announcement it will cut uranium production by 10% for 2017.
The shares have since dropped back down....
The shares have since dropped back down....
Paramount Resources sold assets to cut its debt and ready for future expansion of its production and exploration.
TECK RESOURCES LTD. $32 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 576.5 million; Market cap: $18.4 billion; Price-to sales ratio: 2.2; Dividend yield: 0.3%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steel making....
Discover the best ways to add energy stocks to your diversified portfolio
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