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Financial Services Asset Management

"SCITI Trust was established under the laws of the Province of Ontario on April 24 2003. The company is an investment trust which invests in the equity securities of income funds, corporations and other entities that reflect the makeup of the 50 highest yielding members of the Scotia High Yielding Equity Index on an approximately equal weighted basis."

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SCITI Trust > When to Buy?

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Post by DanielDarden123 on Apr 23, 2015 12:34pm

When to Buy?

Because this is probably to only fund that pays out only the income after expenses with no return of capital, it is able to retain its' NAV long term. Short term the reduced distributions from the O&G sector hurt, but I would argue that this is a good time to be buying if you believe that O&G will recover eventually. The imbedded leverage should be positive long term. YTD chart is showing an up channel which should bode well if one can buy at the bottom of the channel. A good balance of cyclical and non-cyclical holdings with a low MER.

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