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In a recent interview on BNN Bloomberg, Mike Philbrick, the CEO of ReSolve Asset Management, discussed his top ETF picks. Philbrick emphasized the importance of diversification and strategic allocation in building a strong investment portfolio. He highlighted the benefits of using ETFs as a cost-effective and efficient way to achieve broad market exposure.

One of Philbrick’s top picks is the iShares Core MSCI All Country World ex Canada Index ETF (XAW). This ETF provides exposure to global markets, excluding Canada, and allows investors to diversify their holdings across different regions and sectors. Philbrick sees this ETF as a valuable tool for gaining international exposure and reducing risk in a portfolio.

Another ETF that Philbrick recommends is the iShares S&P/TSX 60 Index ETF (XIU). This Canadian-focused ETF tracks the performance of the S&P/TSX 60 Index, which includes some of the largest and most liquid stocks on the Toronto Stock Exchange. Philbrick believes that XIU offers investors a straightforward way to invest in the Canadian market and provides access to established, blue-chip companies.

In addition to these broad-market ETFs, Philbrick also highlighted the importance of incorporating alternative strategies into an investment portfolio. He suggested considering ETFs that focus on alternative asset classes, such as commodities or real estate, to enhance diversification and potentially increase returns. By including these types of ETFs in a portfolio, investors can further mitigate risk and capitalize on opportunities in non-traditional markets.

When asked about the impact of current market conditions on ETF performance, Philbrick emphasized the importance of taking a long-term view. He advised investors to stay disciplined and stick to their investment strategy, even in the face of short-term market fluctuations. By focusing on the underlying fundamentals of their investments and avoiding knee-jerk reactions to market volatility, investors can position themselves for long-term success.

Overall, Mike Philbrick’s insights on ETF investing underscore the value of strategic asset allocation and diversification. By carefully selecting a mix of broad-market ETFs and alternative strategies, investors can build resilient portfolios that can weather market volatility and potentially generate strong returns over time. Philbrick’s expertise and recommendations serve as a valuable resource for investors looking to enhance their investment strategies and achieve their financial goals.