U.S. voters that opposed Donald Trump were so outraged by his victory that the Canadian immigration website crashed on Election Day from the traffic.
Fortunately, investors that believe Trump and his policies are bad news for the U.S. economy can take a slightly less drastic approach and simply invest in Canadian ETFs. Here’s a list of some of the top options:
1. iShares MSCI Canada Index (ETF) EWC 0.08%
The EWC is by far the most popular Canadian stock ETF with more than 2.0 million in average daily trading volume. The ETF provides exposure to Canadian equities with a heavy focus on mega-cap stocks. Top holdings include Royal Bank of Canada RY 0.06%, Toronto-Dominion Bank TD 0.23% and Bank of Nova Scotia BNS.
2. Guggenheim Funds Distributors LLC ENY 0.49%
The ENY provides exposure to a basket of Canadian energy securities. The ETF has exposure to both the Canadian royalty trust market and Canadian oil sands producers.
3. iShares Currency Hedged MSCI Canada ETF HEWC 1.52%
The HEWC provides investors with exposure to large- and mid-cap Canadian equities. The unique aspect of this ETF is that it is hedged against currency fluctuations between the U.S. dollar and the Canadian dollar.
4. Index IQ Canada Small Cap ETF CNDA 0.18%
As its name suggests, the CNDA ETF holds shares of small cap Canadian stocks. Many of these stocks are more of a “pure play” on Canada than those held in the EWC ETF because they have limited international exposure.
5. First Trust Exchange Traded AlphaDEX Fund II FCAN 0.04%
The FCAN applies…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!