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TSE:FLI

First Asset U S & Canada LifeCo Income Fund (FLI.TO)

12.77
+0.11 (0.87%)
as of Jun 12, 2026, 5:51:28 pm Market Open.
13 watching
0
COMMENT
Right now, interest rates are coming down and the yield curve is flattening. There is a risk off attitude. Thinks will go back to rising interest rates, but the rates have pushed this ETF down. Interest rates will probably go up less than prior to the conflict in Ukraine.
DON'T BUY
He hates the life space. They have a big problem with low interest rates. He would avoid lifecos until we see yield curve normalization. We have a massive amount of debts and interest rates just cannot go up.
BUY
This tracks the lifecos in US and Canada, using an actively managed covered call strategy which gives you low volatility. Lifecos will benefit from rising interest rates, and are moving into asset management. An ideal way to offset interest risk on the fixed-income side. Pays a 3.5% yield. PE 8.5x.
DON'T BUY
The 10 largest LIFECOs in the US and Canada and with covered calls. The yield is 7.2%, which worries him because the stocks themselves do not pay this yield. He wonders if the structure is resulting in a return of capital or there is some underlying leverage involved. Is the return more volatile than the underlying securities? He would not recommend it now.
COMMENT

This is fine if you want to be involved, but remember any dividends are accrued in the US are taxed as income, not as a dividend. (If it is a covered call, then he really doesn’t like the story as he doesn’t like First Asset’s covered calls. They only do it on 25% of the portfolio, so your amount of income is pretty small and your downside protection is pretty small. Also, fees are quite high for 25% covered calls.)

COMMENT

This is a good one to get into the insurance space, having Canadian and US players. Interest rates have a big impact on their revenues, more so than it does on banks. However, he thinks the Fed can’t raise rates by more than a percent.

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First Asset U S & Canada LifeCo Income Fund (FLI.TO) Frequently Asked Questions

What is First Asset U S & Canada LifeCo Income Fund stock symbol?

First Asset U S & Canada LifeCo Income Fund is a Canadian stock, trading under the symbol FLI.TO (previously FLI-T on Stockchase) on the Toronto Stock Exchange (FLI-CT). It is usually referred to as TSX:FLI or FLI.TO

Is First Asset U S & Canada LifeCo Income Fund a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on FLI.TO (previously FLI-T on Stockchase) on Stockchase. Read the latest expert commentary for First Asset U S & Canada LifeCo Income Fund.

Is First Asset U S & Canada LifeCo Income Fund a good investment or a top pick?

First Asset U S & Canada LifeCo Income Fund was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for First Asset U S & Canada LifeCo Income Fund.

Why is First Asset U S & Canada LifeCo Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for First Asset U S & Canada LifeCo Income Fund.

Is First Asset U S & Canada LifeCo Income Fund worth watching?

First Asset U S & Canada LifeCo Income Fund is followed by 13 investors on Stockchase and is a trending stock that is worth watching.

What is First Asset U S & Canada LifeCo Income Fund stock price?

On 2026-06-12, First Asset U S & Canada LifeCo Income Fund (FLI.TO) stock closed at a price of $12.77.