What are The Pros doing in the Market? Each quarter I like to interview with a fund manager who I think has his pulse on what's happening in the energy markets.
Today I'm sharing an interview with Martin Pelletier, one of the principals at TriVest Wealth Counsel in Calgary. I only have to manage risk for one person; me. They have to manage risk for a large number of clients which makes their take on the energy markets a bit different than mine.
Keith: Martin, you're on the record recently as saying it's time to take some profits on the energy sector - can you give us some colour on that? Like, do you keep a disciplined selling strategy? Do you have certain numbers and metrics you go by to do that?
Martin: For sure. One thing I look at is what commodity price is being discounted in
Exchange Traded Funds (ETFs) are a great financial product for investors because they trade very similar to equities. They allow investors to diversify their portfolio with a single investment. Further some ETFs give traders the ability to leverage potential strategies. The ability to short or go long on a particular index, industry, or commodity with leverage attracts many investors to the lucrative returns. We will look at the different classes of ETFs that have had the best performance over the past year, challenges that some are facing, and how investors should view possible entry points.
Large-Cap Exchange Traded Funds
These ETFs track the performance of large cap companies - those with a market cap of at least $10 billion.
SPDR Russell 3000 (NYSEARCA:THRK) - The fund has an attractive return of 6.33% year-to-date (YTD), but more impressively has had a strong performance of 23.7% over the