Investment Q&A

Q: During the Spring I liquidated my CDN Equity portfolio. I wanted to move away from managing indidual positions and move to a more passive approach. Then I read Ryan's excellent article, Why it's almost impossible to be a passive investor in Canada. I looked at HEW; but it is very small with only about $12m invested. Are there other ETFs that do an equal weight S&P 60? I also am considering VCN and CDZ. I also looked at Two mutual funds, Mawer Canadian Equity and Lester CDN Equity Fund. There are High Conviction funds available; but with very high MER's.
Would you please recommend a portfolio structure that would meet my needs, I am a conservative senior. Please have the suggestions add to 100%.
Thanks Guys for keeping us thinking outside the box.

Q: Hi 5iResearch Team,

Over the past 12 months, IPL is down by about 10% while PPL was up slightly (2%). Currently, IPL has a PE ratio of 17.8X and a P/cash flow of 12.4X while PPL's ratios are 35x (PE) and 21X (cash flow).

Would you please comment on why IPL is lagging behind PPL over the last 12 months and based on the above ratios, wouldn't IPL be a better buy than PPL?

Cheers,
Harry

Q: I have 2 questions. I am down 20% on clr and I would like your outlook for the next 6 months to a year. Time to sell or do you see upside? Would you look under the hood of xsi and comment on this etf as fixed income for a 1 to 2 year hold and what the influence of higher interest rates might be on the components? Thanx.

Q: CLF is often recommended as a good, safe place for money but it only moves down. While meager interest is paid that really only kicks in tax which further reduces, or most likely eliminates any gain...where is the benefit? What conditions would have to occur for it to move up?

Q: is this co. investible with a 3 year time line Thanks

Q: Can I get your thoughts on PRV.UN.

Thank You
Craig

Q: Hello!

Haven't seen a question on their earnings from yesterday yet, so I will put it out there. What did you think of their quarterly report?

Regards,

Robert

Q: With the recent strength of the CDN$ I am looking for opportunities to take advantage of this. One thought is to sell current dual listed holdings and convert from Cdn to US and the other thought is to look for other undervalued foreign investments. Would appreciate your input and suggestions.

Thank-you and appreciate the great service your team provides.

Q: Update

Q: Over the last month or two these companies have consistently dragged down my winning days. Your recommendations please.
Thanks so much.
Alex

Q: In my portfolio, small cap and technology has weakened in the last two months, yet l see indexs making new highs, at least in the US, where are the gains; sectors?

Q: July 19, 2017 ? asked by Darcy:

The answer indicated most selling was on the bid. How is this info calculated and where is it available?

Q: Please may I have your opinion of this company for a long term hold , thanks
Rick

Q: FRII continues to drop. Would you be a buyer at these levels or wait until there is some upwards momentum? When does it next report and what do you expect from the company?

Q: I am retired and living on dividend income. 80% of my funds are in my income portfolio, which is focused on dividends and yield (approx. 20 stocks) and meet my income needs.
So I am considering investing the remaining 20% of my funds in your balanced portfolio for more capital appreciation. How would you recommend I go about this? If I also mirror your balanced portfolio, I would have 40+ stocks in my portfolio.
Would you therefore recommend 5 stocks that look most attractive at current valuations and invest equally in each?

Q: Good afternoon,

A positive piece in Barron's postulated that this stock may have significant upside. What do you think of whirlpool? Do you see significant growth? Also, would you be a buyer at these levels ? Or do you see better opportunities in industrials, and oh so, can you make a few suggestions.

Thank you

Karim

Q: What was the problem with CSX earnings?

Q: Hello.
At the moment Assure Holdings reminds me of CRH or PHM before the market took notice and the explosive share price gains that followed. Can you comment on valuation and overall as a speculative position? It looks quite cheap to me albeit a very limited public reporting history. Keystone recently recommended the stock as a spec buy. I'm interested to get 5i's take. Thanks.

Q: I would like to ask for your opinion and comment on my investment approach with reference to hedged to CAD or un-hedged versions of ETF's available from Canadian issuers. My approach has been the following:
- keep US equity ETF un-hedged;
- keep developed and emerging international equity ETF's hedged to CAD;
- keep US bond ETF's hedged to CAD.
I am aware that this approach was not too benefitial during the past month or two, and I am starting to have second thoughts, but I figure I better ask for a second opinion from a pro before I make any changes. This is where you guys step in...
Thank you.

Q: With the upcoming NAFTA re-negotiations, Telecom is area that the US has indicated that it would to discuss. Do you think that this could put downward pressure on Telus, BCE and Rogers. IF yes which one would you think would hold up better ?

Ken