Q: Hi 5i,
Please comment on ZWEN, would you be a buyer at this time, and would it be better suited for a registered or non registered account.?
Please comment on ZWEN, would you be a buyer at this time, and would it be better suited for a registered or non registered account.?
5i Research Answer:
With 53% US exposure, an RRSP is probably best for most investors because of US withholding taxes. It is small at $32M in assets, and does not have a long history. We are OK with its holdings and strategy, and think the energy sector is OK because of very low valuations. But we think buyers can wait here until it grows assets to $75M or so. The sector needs a catalyst to spark better performance.