Most top international markets have rebounded since their big drop on the outbreak of the pandemic. Going forward, we think the outlook remains positive for quality stocks in those markets. One way to profit from their growth—while cutting your risk—is to invest in top ETFs.


Here’s a look at four international funds that we believe are suitable for your new buying....

GLOBAL X COPPER MINERS ETF, $39.66, s a buy. The ETF (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) lets you track the Solactive Global Copper Miners Index, with 38 global mining and exploration firms....

Most precious-metal stocks dropped, along with the market, in March 2020. They then quickly reversed that trend to soar for investors, in part because of gold’s appeal as a “safe harbour” in times of economic uncertainty. In fact, in August 2020, gold jumped to over $2,000 U.S....

TRANSALTA RENEWABLES, $13.39, is a buy. The company (Toronto symbol RNW; Shares o/s: 266.9 million; Market cap: $3.6 billion; TSI Rating: Extra Risk; Divd. yield: 7.0%; www.transaltarenewables.com) has now accepted a takeover offer from parent company TransAlta Corp....

CPKC took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed its $31 billion U.S. acquisition of U.S.-based railway Kansas City Southern. While we’re always wary of big acquisitions, this merger—a rare case where the buyer knows nearly as much about the business as its seller—will let CPKC offer shippers quicker access to key hubs in Canada, the U.S....

A: Baytex Energy Corp., $5.30, symbol BTE on Toronto (Shares outstanding: 856.9 million; Market cap: $4.6 billion; www.baytexenergy.com), explores for, develops and produces oil and gas in Western Canada and the Eagle Ford region of Texas....

A: Flowserve Corp., $37.67, symbol FLS on New York (Shares outstanding: 131.1 million; Market cap: $4.9 billion; www.flowserve.com), manufactures industrial pumps, valves, and other machinery for several industries that use difficult-to-handle or corrosive fluids....

A: Keyera Corp., $32.86, symbol KEY on Toronto (Shares outstanding: 229.2 million; Market cap: $7.5 billion; www.keyera.com), engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the U.S.

The company operates in the oil and gas industry between the upstream segment, which includes oil and gas exploration and production, and the downstream segment, which includes the refining, distribution and retail marketing of the end product.

Keyera is organized into three operating segments:

1. Gathering and Processing. Keyera owns and operates raw gas gathering pipelines and processing plants, which collect and process natural gas, remove waste products and separate the economic components—primarily NGLs....

A: Veeva Systems Inc., $202.85, symbol VEEV on New York (Shares outstanding: 145.7 million; Market cap: $32.3 billion; www.veeva.com), is a provider of cloud-based customer relationship management (CRM) software for the life sciences, cosmetics and consumer-products industries.

The San Francisco-based company has more than 1,350 customers, ranging from large pharmaceutical firms to biotech startups.

Veeva’s products include its Veeva Vault Clinical Data Management System (CDMS)—a cloud application to help life sciences companies better manage their clinical data....

We’re sending out our latest quarterly letter to our portfolio management clients this week; as always, we’ll send it out to Inner Circle members who are not portfolio management clients further along in the quarter.

In each new quarterly client letter, we mostly focus on subjects that are not likely to change too much from one week to the next, but may have a big impact on investor sentiment and the long-term market outlook.

This time around, I started out writing about five major issues that seem to be affecting the market outlook in the minds of many investors....