RE:RE:FTN realtime UNIT NAV @ approx; $$20.54 before dist..Not sure i can explain it. BK has all of those stocks that are in FTN,, altho the CAD stocks are the high % of the fund. Bk has dropped about 4 cents more since Dec 13 th than FTN has.. AND go figure BK barely down. Now there is a buck and half extra safety and dsitribution yield goes down as the share price goes down. So more safety, but not sure i like the mix any better than FTN. As well FTN had 16% cash at last report, FFN had 9% amd we dont know how much was used in the retraction, so I like FTN better than FFN, given the actioin today at least.
CAD banks are generally considered a bit safer , but not sure that is the case , with the Canadian economy struggling more than the US and the current ineptitiude of the Govt .