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3 top ETF picks from portfolio manager John Hood

John Hood is president and portfolio manager of J.C. Hood Investment Counsel. His focus is on exchange traded funds and options.

Top Picks:

iShares S&P 500 Index Fund CAD-Hedged

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I have been bullish on the U.S. recovery throughout the recent volatility, hence the ishares XSP, which is in all of my portfolios. I do, however, also like the BMO Dow Jones Industrial Average hedged ETF , which is BMOs covered call on the Dow. It should mollify some volatility and generate income.

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF

I also like ZMT, which is base metals futures - copper 35%; zinc, nickel and aluminum at about 15-20% each.

Claymore China ETF

CHI and also BMO's ZCH are China based. Both offer domestic as well as export-oriented companies and I believe that Chinese consumer demand will continue to be high.

Past Picks: Jan. 28, 2011

BMO NASDAQ 100 Hedged to CAD Index ETF

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Then: $17.60

Now: $19.46

Total return: +11.28%

iShares CDN S&P/TSX 60 Index Fund

Then: $19.35

Now: $18.02

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Total return: -4.66%

iShares CDN S&P/TSX Capped Energy Index Fund

Then: $20.76

Now: $18.01

Total return: -11.74%

Total Return Average: -1.70%


After this recent run up we've seen in the markets, I expect a pullback. However, I regard this as a buying opportunity.

See the full interview here

Compiled by Franklin Cameron, BNN Market Call Tonight


Also see:

3 top stock picks from Toron's Charles Lannon

3 top stock picks from Macquarie's Mike Newton

3 top stock picks from portfolio manager David Baskin

3 top stock picks from technical analyst Bill Carrigan

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