Q: Good morning,

Both my consumer cyclical holdings - Footlocker and Canada Goose - have lost a lot of money. I am wondering what 5i's thoughts are?

Regards,

Ryan

Q: I used to own a REIT called INN . A play on the Canadian tourism industry . I did quite well on it and sold it for a tidy profit when they were bought out . With our southern neighbors rapidly approaching " Most Hated Nation " status coupled with their currently well publicized Gestapo tactics at the border resulting in travel alerts in at least five countries ..... I am curious in what ways I can invest in the Canadian tourism industry ? On social media I am reading a lot of European and Aussie tourists are planning trips to Canada instead of the U.S. .... Any suggestions of an approach to investing in Canadian tourism ? I am looking for Canada " only " options . If there are no " Canada " options how about Europe ? Not interested in any company that even uses U.S. airspace..... I'm an " Elbows Up " Canucklehead .....

Of course one other concern is Trump throwing the world into recession and the travel industry suffering as a result. Could 5i comment on that thesis as well ? ..... Thanks for your terrific service .....

Q: Hi,

Assuming that this trade war comes to a quick end…… what would be the best picks at this time ?

Any thoughts on Apple or nvdea