Mike PhilbrickEvolve Canadian Banks and Lifecos Yield Index FundBANK.TOCOMMENTSep 18, 2026
Equal weight portfolio of Canada's 10 largest banks and insurance companies. Adds 25% leverage on top of that. Remember, leverage cuts both ways. Writes calls on up to 1/3 (better than on 100%) of the portfolio to enhance the monthly income. Examine what you receive as "yield", to see if some of it was actually return of (your own) capital.
Underlying Canadian banks and lifecos have done quite well on their own.
BANK-T vs. ZUB-T. Exposure to US or International banks. The yield curve is telling us we are headed toward a recession 6 to 18 months out. The yield curve is flattening so banks’ net interest margins will not improve. He does not want to chase them here.
Equal weight portfolio of Canada's 10 largest banks and insurance companies. Adds 25% leverage on top of that. Remember, leverage cuts both ways. Writes calls on up to 1/3 (better than on 100%) of the portfolio to enhance the monthly income. Examine what you receive as "yield", to see if some of it was actually return of (your own) capital.
Underlying Canadian banks and lifecos have done quite well on their own.