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Three top ETF picks from technical analyst Bill Carrigan

Bill Carrigan.

Kevin Van Paassen/The Globe and Mail

Bill Carrigan is a technical analyst with Getting Technical Info Services. His focus is technical analysis.

Top picks

BMO MSCI Emerging Markets Index ETF (ZEM TSX)

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Hold this ETF to gain exposure to markets such as Taiwan, Brazil, India, South Korea, Mexico and Malaysia. MER is good at about 0.25%.

BMO S&P/TSX Equal Weight Oil & Gas Index ETF (ZEO TSX)

This ETF is a basket of 15 Canadian energy producers – a clone of the S&P/TSX Equal Weight Oil & Gas Index. MER is OK at 0.55%.

BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH TSX)

This ETF is a clone of the Dow Jones U.S. Large-Cap Health Care Equal Weight index – basically a basket of large pharmaceuticals, biotech and health care services. MER is OK at 0.35%.

Past Picks: Aug. 20, 2013

iShares S&P/TSX Capped Materials Index Fund (XMA TSX)

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A basket of metal miners, forest and potash producers.

Then: $13.83; Now: $13.61; -1.59%

Total return: -0.61%

Lundin Mining Corp. (LUN TSX)

A copper miner.

Then: $4.57; Now: $5.61; +22.76%

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Total return: +22.76%

ATS Automation Tooling Systems Inc. (ATA TSX)

An engineering firm.

Then: $12.30; Now: $14.69; +19.43%

Total return: +19.43%

Total return average: +13.86%

Market outlook

Equity investors with at least a 10-year time horizon should just get invested and stop trying to "time" the markets.Why? Since 1970 – 44 years ago – there have been only 4 "granddaddy" bears – 1973, 1987, 2000 and 2008 – subsequently following each "crash" the major stock indexes advanced to new highs. The current 2009-2014 Bull has been led by the major U.S. stock indexes, which are now displaying some momentum decay. Long-term investors should now reduce their U.S. exposure and retain exposure to Europe and the Asia Pacific markets – and increase exposure to the emerging markets.

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