Currency hedging comes at a cost with ETFs

Currency hedging comes at a cost with ETFs

Any currency volatility can send investors hunting for hedged ETFs. But the extra costs limit the appeal of currency hedging.
If you want to buy U.S. stocks and hedge against the U.S. dollar’s movements against the Canadian dollar, you could buy a hedged ETF like the… Read More

Wells Fargo passes stress test

WELLS FARGO & CO. $41 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $155.8 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.wellsfargo.com) has passed the U.S. Federal Reserve’s latest stress test, which measures how financial firms… Read More

Higher rates will lift loan income

WELLS FARGO & CO. $41 remains a buy. The bank (New York symbol WFC; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $155.8 billion; Price-to-sales ratio: 2.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.wellsfargo.com) is third-largest banking firm in the U.S., with total assets of $1.90… Read More