Hold it or Fold It? FundX President Janet Brown’s Take on 5 Funds & ETFs

June 9, 2015

moneylifeshow-imageFundX President Janet Brown answered investors’ questions about five funds and ETFs on the “Hold it or Fold it” segment of the MoneyLife Show with Chuck Jaffe.

Listeners from across the country asked Janet for her take on foreign and emerging market ETFs as well as commodities and currency funds.

1. WisdomTree Japan Hedged Equity (DXJ)

“That’s an ETF that we own. It is speculative. It’s in our aggressive class. It’s a fund we would add to right now because it’s doing very well. It’s an opportunity to invest in Japan without as much currency risk.”

2. WisdomTree Emerging Markets Equity Income (DEM)

“If we’re going to buy emerging markets, we’d buy iShares Emerging Markets ETF (EEM) or Vanguard Emerging Markets ETF (VWO). In our experience, DEM doesn’t have the liquidity we like, and it’s a little more volatile. If you already own it, you can hold it, but if you want emerging market exposure, I would go with EEM or VWO.”

3. SPDR Health Care (XLV)

“Health care has certainly been hot. But XLV isn’t doing as well as other health care funds. We tend to own more actively managed health care funds, like Janus Global Life Sciences (JAGLX), which is a little more growth focused and has some biotech exposure. Another one we own is T. Rowe Price Health Sciences (PRHSX).” PRHSX is now closed to new investors.

4. MarketVectors Gold Miners (GWX)

“GWX is a very speculative fund that has not done well. I’d sell it. We’ve owned it in the past, but investors really need a disciplined strategy to use that fund.”

5. Merk Hard Currency (MERKX)

“Betting against the U.S. dollar has not been smart lately. People like stories and this fund’s manager tells a credible one, but the dollar’s been strong and this fund has not been able to make any money. I wouldn’t buy it.”

Click below to listen to Janet’s full interview on the MoneyLife show.


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