Topic: How To Invest

Hi Pat, What is your opinion on Horizons AlphaPro ETF?

Article Excerpt

Horizons AlphaPro Managed S&P/TSX 60 ETF, $8.33, symbol HAX on Toronto (Shares outstanding: 960,000; Market cap: $8.0 million), invests in stocks in the S&P/TSX 60 index using research based on technical, cyclical and sentiment indicators provided by Ron Meisels of Phases & Cycles Inc. Meisels contributes a weekly column, called “What the Charts Say” to The Globe & Mail. His research may include moving averages, trend lines, volumes, price patterns and point-and-figure charts. The ETF began trading on Toronto at $9.80 a unit on January 7, 2009. The ETF’s recent top-10 holdings were EnCana Corp. (6.8%), Research in Motion (6.3%), Barrick Gold (6%), Potash Corp. of Saskatchewan (5.2%), Goldcorp (4.5%), Canadian Natural Resources (4.3%), Suncor Energy (3.8%), Rogers Communications (3.7%), TransCanada Corp. (3.2%) and Royal Bank of Canada (2.9%). These holdings gave the ETF this sector breakdown: energy (24.1%), gold (16.2%), financials (13.3%), materials, excluding gold (10.3%), industrials (6.7%), information technology (6.3%), utilities (6.4%), cash (6%), telecommunications (3.7%), consumer discretionary…