Though a riskier option than EWC, the Guggenheim Canadian Energy Income ETF (ENY) may be another attractive option for investors looking to home in on the nation's commodities industry. Unlike EWC, which casts a wide net over the Great White North, ENY specifically targets high yielding energy companies and oil sands players in an effort to profit as countries turn to Canada to fuel their growth. In addition, the fund offers an attractive yield, making it appealing to the income-minded crowd as well.
Given the economic hurdles we have faced throughout the past month, it is understandable that investors are hesitant toward the idea of venturing into international markets. Canada, however, is an example of a country that could hold promise in the near and midterm. With funds like EWC and ENY, it is possible to gain exposure that satisfies seemingly any level of risk tolerance.