Better Than MFC? I'm thinking of swapping out Manulife Financial for Intact Financial as IFC appears to provide an opportunity for a higher total return overall. Thoughts on this swap or not?
IFC is both likely going to grow faster and likely to produce better returns. It is certainly outperforming MFC recently. We would be fine with this swap with the understanding that IFC is quite a bit more expensive on valuation. (5iResearch)