Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in Net Asset Value per Class A share. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options and cash-covered put options in respect of the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.

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Life & Banc Split Corp > HFD or HSD good plays for a hedge

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Comment by mousermanon Oct 23, 2023 4:34pm

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Post# 35697051

RE:RE:HFD or HSD good plays for a hedge

Yes these are 2x bear etfs , so the double leverage works both ways. 2 months ago you could have bought ( @ $11.90 for HFD) and would be up $1.60 or 13.44% , so as a hedge it would have helped immensely when the selloff came.. But hard to watch it every day. Lots of trading ops...

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