What are your thoughts on NRGI.

Hey there - this is a very new ETF - only about 1.5 years of performance data available. The ETF aims to invest in energy paying income stocks - which in today's environment is probably a good thing. Keep in mind that Nuttall is a perma oil & gas bull...he was a bull during years of underperformance. This ETF is 100% North America, so a little light on the diversification and is a very small fund with only 145M in assets under management.

I think what we need to do is look at the macro environment and given everything that is happening globally, it is raising commodity prices which will benefit energy stocks.

This type of ETF could do well in such times, but it can also change very quickly. The company's top holdings are a mixed bag and keep in mind its PXD holding is being bought out by XOM which has likely artificially impacted its performance. Overall though, it should do well in the current environment. I would however, be weary of this ETF in a bear market especially since it has very low AUM.

Mat