Canada is a developed country that offers commodities exposure without all the geopolitical risk, making its exchange traded fund (ETF) that much more enticing.
As a commodities play, iShares MSCI Canada ETF (EWC) has the types of gains available from developed markets, and as a North American counterpart, safety is an added plus, reports Don Dion for Seeking Alpha.
Over the past five years, EWC has returned three-and-a-half times more than the S&P 500.
The fund doesn’t just have commodities: it also has allocations in energy and materials. It also gives U.S. investors a play on the country’s currency, as well as banks, technology companies and other firms that have held up well in our own downturn.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.