{"id":45627,"date":"2015-05-20T20:49:00","date_gmt":"2015-05-20T20:49:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2015\/05\/zuq-bmo-msci-usa-haute-qualite\/"},"modified":"2015-05-20T20:49:00","modified_gmt":"2015-05-20T20:49:00","slug":"zuq-bmo-msci-usa-haute-qualite","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/fr-ca\/2015\/05\/zuq-bmo-msci-usa-haute-qualite\/","title":{"rendered":"ZUQ – BMO MSCI USA Haute Qualit\u00e8"},"content":{"rendered":"

Pour l’analyse de contenu de cette semaine, nous vous faisons parvenir le PFScan Download <\/a> ainsi que la grille SPscore Download <\/a> de l’ETF \u00ac\u00b4 BMO MSCI Am\u00e8ricaines de Haute Qualit\u00e8 \u00ac\u00aa (ZUQ). Relativement r\u00e8cent, ce fonds n\u00e8goci\u00e8 en bourse a fait son entr\u00e8e sur les march\u00e8s le 5 novembre 2014.<\/p>\n

ZUQ a attir\u00e8 notre attention pour plusieurs raisons. La premi\u00e8re, et la plus importante, est que 94% des actions inclues dans ce portefeuille g\u00e8n\u00e8rent un EVA positif, leurs indices de performance \u00e8conomique (IP\u00c9) \u00e8tant sup\u00e8rieurs ou \u00e8gaux \u00e0 1.0. Il est donc vrai de dire que la qualit\u00e8 du portefeuille est tr\u00e8s \u00e8lev\u00e8e, surtout si on le compare \u00e0 un ETF r\u00e8pliquant le S&P500 de fa\u00e7on int\u00e8grale : seulement 67% des participants du S&P500 g\u00e8n\u00e8rent un EVA positif.<\/p>\n

Vu que la qualit\u00e8 des participants de ZUQ est de loin sup\u00e8rieure \u00e0 celle de l’ensemble du S&P500, nous pourrions penser que la prime moyenne \u00e0 payer par rapport \u00e0 la valeur intrins\u00e8que est plus importante. Or, ce n’est pas le cas; le ratio P\/VI moyen de ZUQ tel que calcul\u00e8 par StockPointer est de 1.55, alors qu’il est de 2.0 pour le S&P500*.<\/p>\n

Autre fait int\u00e8ressant; en comparaison avec le S&P500, la r\u00e8partition sectorielle du fonds ZUQ offre une exposition accrue aux secteurs de la technologie, des soins de sant\u00e8 et de la consommation. Elle est d’autre part diminu\u00e8e pour les secteurs de la finance et de l’\u00e8nergie, et nulle pour les secteurs des services publiques et des t\u00e8l\u00e8communications.<\/p>\n

Si vous recherchez un fonds am\u00e8ricain \u00ac\u00b4 compatible \u00ac\u00aa avec StockPointer et le mod\u00e8le EVA tout en ayant le potentiel de se d\u00e8marquer \u00e0 long terme, ZUQ offre selon nous une solution de qualit\u00e8. Notez que le 18 f\u00e8vrier 2015, nous avions \u00e8mis un commentaire sur le fonds canadien BMO actions canadiennes \u00e0 faible volatilit\u00e8 (ZLB). Si vous n’aviez pas eu l’occasion de le lire, voici le lien<\/a>.<\/p>\n

N’oubliez pas que StockPointer vous offre la possibilit\u00e8, gr\u221a\u00a2ce au PFscan, de cr\u00e8er et analyser un fonds commun de placement (portion actions) ou fonds n\u00e8goci\u00e8 en bourse si vous souhaitez en int\u00e8grer aux portefeuilles de vos clients.<\/p>\n

Pour plus d’informations sur ZUQ, veuillez suivre ce lien<\/a> menant \u00e0 sa description sur le site web de BMO.<\/p>\n

*Les donn\u00e8es extr\u00eames et\/ou non-pertinentes ont \u00e8t\u00e8 ignor\u00e8es lors du calcul. <\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Pour l’analyse de contenu de cette semaine, nous vous faisons parvenir le PFScan Download ainsi que la grille SPscore Download de l’ETF \u00ac\u00b4 BMO MSCI Am\u00e8ricaines de Haute Qualit\u00e8 \u00ac\u00aa (ZUQ). Relativement r\u00e8cent, ce fonds n\u00e8goci\u00e8 en bourse a fait son entr\u00e8e sur les march\u00e8s le 5 novembre 2014. ZUQ a attir\u00e8 notre attention pour […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[425,209],"class_list":["post-45627","post","type-post","status-publish","format-standard","hentry","category-intelligence","tag-fnb","tag-zuq"],"acf":[],"yoast_head":"\nZUQ - BMO MSCI USA Haute Qualit\u00e8 - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/fr-ca\/2015\/05\/zuq-bmo-msci-usa-haute-qualite\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZUQ - BMO MSCI USA Haute Qualit\u00e8\" \/>\n<meta property=\"og:description\" content=\"Pour l’analyse de contenu de cette semaine, nous vous faisons parvenir le PFScan Download ainsi que la grille SPscore Download de l’ETF \u00ac\u00b4 BMO MSCI Am\u00e8ricaines de Haute Qualit\u00e8 \u00ac\u00aa (ZUQ). 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