Q: I am down $3,800.00 on ZWB (15% of portfolio) and down $9,600.00 on ZWK (2% of portfolio).
What is your view on the banking sector. Do you see a full recovery or is it going to take a while? Should I hold or cut back?
What is your view on the banking sector. Do you see a full recovery or is it going to take a while? Should I hold or cut back?
5i Research Answer:
The sector is not really off to a great start in Canada, but results in the US have been better. Either way, the sector is priced well. Barring a deep recession (which we highly doubt) we think the sector has good recovery potential over the next two years. We think holding is the right move here.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWB.