RE:Was expecting a selloff after ex divvy dateThere is no silver bullet in any of these high distribution funds. Yes, EIT has US exposure and a definitive Biden win could prop it up, yet at the same time a potential mandated US covid lockdown will be a negative. This would be worse for EIT. But, SBC is all Canadian banks... and holds more risk imo. It's why during overall market selloffs SBC sells off more than EIT.
mouserman wrote: I did take some profits after buying the day BEFORE ex divvy... and was fully expecting the normal sell and wait syndrome . However SBC holding up extremely well, and with 2 of the 6 banks in the fund up today... it is treading water at best as far as NAV goes.
BUT , it is hard to find better deals out there. EIT.un is more diversified, but I am not convinced that is better. They hold some oilplays, ( heading down fast), and also a few precious metals stocks.
And there is a high % of US stocks in the mix, and the majority of the stocks in the fund do not PAY as high a % in dividends as the Canadian banks. SO EIT.un certainly depends more on capital gains to pay out the distributions... jmho tho.