LBS unit nav in realtime @ appprox: $17.48So since thursday's update. LBS has gained about 48 cents in UNIT NAV. The common shares stock price since thursday? Has gained about 7 cents.... and i find the fact that LBS owns all 4 of the BIG CAD lifecos, (which are outperforming the banks again) means it should be heading up higher, not stagnating . Very strange markets here, and seems to be the greed factor jumping in again. Big gains for the likes of LFE ( +3.7%)today, and FFN (+2.1 %) ANd of course undervalued LCS (up 2.43%)
Two of those are lifeco split funds mainly... and FFN of course US banks, but does own MFC and SLF, and the CAD big 6 banks. Ouside of LCS. the other 2 offer huge yields if they continue to pay from here on up.. So i think stealing some thunder from LBS. I prefer the safety and 15.8% yield is enough for me. Greed is not a good reason to buy. Yield on LCS is lower at 12.5% or so.. but still very consistent payer of late.