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IShares MSCI EAFE IMI IndexXEF.TOHOLDSep 25, 2017Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
(A Top Pick Dec 16/16. Up 12.11%.) He would encourage people to start looking more seriously outside of North America, and the 1st stop is the EAFE index. This is essentially the equivalent of the S&P 500, every big brand name that you can think of outside of New York. He likes that this has less of a tech focus than the S&P 500.
This is like the S&P 500 outside of North America. It is all the big famous companies around the world. What he likes is that there is going to be a surprise in 2017 on UP indexes. He expects a fair amount of investment flow to come from the US into foreign markets. Because there is a lot of bad news in this one, it is quite cheap compared to anything in North America.
Sell this and Buy the hedged version? He just took off of his Canadian hedges today. The Cdn$ has had a strong run up, and there are built-in expectations by the Bank of Canada that the Cd$ is going to go higher. Thinks Bank of Canada has gotten a little ahead of itself and the inflation and growth forecasts for next year are a little too robust. He wouldn’t be worried about the Cdn$ going up further. If you want to be long the US market, you want to stay with the unhedged version.