RE:RE:LFE unit nav in realtime @ $15.21LCS is the other split fund focuses on the LIFE insurance companies, and rarely sees the commons at a premium. THIS despite outperforming the banks in capital gains the past year and a half.
With LFE you get some exposure to the CAD banks and also 4 of bigger insurers in the US, but the main component of the UNIT NAV is the big 4 CAD lifecos.
Just seems to be an undesirable sector, even if it is paying a 24 % annual yield at the price today. I was buying much lower a few months back, so yiels is much higher, altho i did average up as high as $5.05.
So many investors do not understand the difference betweeen the banks and the insurers. High interest help insurers, when they re-invest the premiums they collect. Higher interest rates , especially raised so quickly, has the CAD banks seeing defaults on mortgages ,loans, credit cards and commercial debt..