iShares Canadian Financial Monthly Income E.T.F. | StockChase
14
iShares Canadian Financial Monthly Income E.T.F. (FIE.A-T)

Last Price Recorded: $6.9600 on 2017-12-15

ON STOCKCHASE SINCE Jul 2007

Primarily shares, bonds, inc trusts of financial sector.

investment companies/funds
14
iShares Canadian Financial Monthly Income E.T.F. (FIE.A-T)

Last Price Recorded: $6.9600 on 2017-12-15

ON STOCKCHASE SINCE Jul 2007

Primarily shares, bonds, inc trusts of financial sector.

investment companies/funds

iShares Canadian Financial Monthly Income E.T.F.


Signal Opinion Expert
COMMENT

The distribution on this is somewhat fixed. They are paying out north of a 6%-7% yield. If you look at what is in it, there is nothing that yields that much. Looking at all the banks and the other income generating securities this owns, the average is about 4%. This is paying out about 3% extra, which is capital gain you would’ve otherwise been getting from the share price. This is why you are not seeing a lot of upside in the price movement of this ETF.

investment companies/funds

The distribution on this is somewhat fixed. They are paying out north of a 6%-7% yield. If you look at what is in it, there is nothing that yields that much. Looking at all the banks and the other income generating securities this owns, the average is about 4%. This is paying out about 3% extra, which is capital gain you would’ve otherwise been getting from the share price. This is why you are not seeing a lot of upside in the price movement of this ETF.

investment companies/funds
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$6.910
Owned Owned
Unknown

COMMENT

He doesn’t like this. It is basically an accumulation of different income products, but this is a return of capital, so you are getting what looks like a very high dividend, but it is not entirely a return “on” capital, but is often a return “of” capital, in other words a return of your own money.

investment companies/funds

He doesn’t like this. It is basically an accumulation of different income products, but this is a return of capital, so you are getting what looks like a very high dividend, but it is not entirely a return “on” capital, but is often a return “of” capital, in other words a return of your own money.

investment companies/funds
John Hood

President & Portfolio Manager, J. C Hood Investment...

PricePrice
$6.170
Owned Owned
No

BUY
Likes it but doesn’t use a lot of dividend paying ETFs. You are not going to get high yields.
investment companies/funds
Likes it but doesn’t use a lot of dividend paying ETFs. You are not going to get high yields.
investment companies/funds
John DeGoey

Portfolio Manager, Industrial Alliance ...

PricePrice
$6.760
Owned Owned
No

COMMENT
Canadian balanced financial ETF with banks, bonds and preferreds. Very high income that comes from the underlying portfolio as well as return of capital.
investment companies/funds
Canadian balanced financial ETF with banks, bonds and preferreds. Very high income that comes from the underlying portfolio as well as return of capital.
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$6.790
Owned Owned
Yes

BUY
Balanced ETF that includes banks and all the financials as well as preferreds and corporate bonds.
investment companies/funds
Balanced ETF that includes banks and all the financials as well as preferreds and corporate bonds.
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$6.520
Owned Owned
Yes

COMMENT
Any of the ETF providers have excellent websites to get insight to underlying portfolios. You get insights into whether there will be decreases to the dividends. Look at the payout ratio of each holding.
investment companies/funds
Any of the ETF providers have excellent websites to get insight to underlying portfolios. You get insights into whether there will be decreases to the dividends. Look at the payout ratio of each holding.
investment companies/funds
Jeff Black

President & CIO, Crestridge Asset Man...

PricePrice
$5.610
Owned Owned
Unknown

HOLD
Designed to generate income so there is a heavier weighting to the major banks that have a higher dividend. If you are looking for income and retired in your comfortable with the banks he would stay with this one.
investment companies/funds
Designed to generate income so there is a heavier weighting to the major banks that have a higher dividend. If you are looking for income and retired in your comfortable with the banks he would stay with this one.
investment companies/funds
Richard Croft

President, R.N. Croft Financial...

PricePrice
$5.360
Owned Owned
Unknown

BUY
Basket of 10 of Canada's biggest financial service stocks.Excellent way of playing them. Also allows a DRIP program. Volume on a day-to-day basis is relatively low though.
investment companies/funds
Basket of 10 of Canada's biggest financial service stocks.Excellent way of playing them. Also allows a DRIP program. Volume on a day-to-day basis is relatively low though.
investment companies/funds
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$5.650
Owned Owned
Unknown

COMMENT
Balanced portfolio of equities, preferreds and fixed incomes. With the markets coming down, it has produced a yield of 12.5%, which is a little more than he would like. Possibility of a distribution cut.
investment companies/funds
Balanced portfolio of equities, preferreds and fixed incomes. With the markets coming down, it has produced a yield of 12.5%, which is a little more than he would like. Possibility of a distribution cut.
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$5.370
Owned Owned
Yes

BUY
Focuses on the broad Canadian financial services industry. Balanced approach with shares, preferred shares, bonds and income trusts. Pays out a monthly income. High yield right now. Reduces risks.
investment companies/funds
Focuses on the broad Canadian financial services industry. Balanced approach with shares, preferred shares, bonds and income trusts. Pays out a monthly income. High yield right now. Reduces risks.
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$8.090
Owned Owned
Unknown

PAST TOP PICK
(A Top Pick July 11/07. Down 19%.) Wanted a product that just delivered a consistent stream of income in a market that he thought was going to be range bound. Financials could rebound, but it could be a while.
investment companies/funds
(A Top Pick July 11/07. Down 19%.) Wanted a product that just delivered a consistent stream of income in a market that he thought was going to be range bound. Financials could rebound, but it could be a while.
investment companies/funds
Richard Croft

President, R.N. Croft Financial...

PricePrice
$7.960
Owned Owned
Unknown

BUY
Balanced portfolio of financials. Has equities, preferred shares and bonds of mainly banks and life insurers. Good ETF for broad balanced exposure. For a more targeted approach to banks he would suggest Claym Eq. Banc & Lifeco E.T.F. (CEW-T), which gives you exposure to the 6 large banks and the 4 lifecos on an equal weighted basis. (His company issues both ETF’s.)
investment companies/funds
Balanced portfolio of financials. Has equities, preferred shares and bonds of mainly banks and life insurers. Good ETF for broad balanced exposure. For a more targeted approach to banks he would suggest Claym Eq. Banc & Lifeco E.T.F. (CEW-T), which gives you exposure to the 6 large banks and the 4 lifecos on an equal weighted basis. (His company issues both ETF’s.)
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$8.000
Owned Owned
Yes

COMMENT
A balanced portfolio focused on fixed income and equities across the balance sheets of the financial services companies, the banks, looking at their equities, their preferred shares, their bonds, etc. The key issue is to pick a monthly income off it. Not looking to increase distributions.
investment companies/funds
A balanced portfolio focused on fixed income and equities across the balance sheets of the financial services companies, the banks, looking at their equities, their preferred shares, their bonds, etc. The key issue is to pick a monthly income off it. Not looking to increase distributions.
investment companies/funds
Som Seif

President and CEO, Claymore Investments...

PricePrice
$8.350
Owned Owned
Yes

TOP PICK
Pays about 4% dividend. You get the benefit of a group of stocks that has typically increased their dividends on a fairly regular basis.
investment companies/funds
Pays about 4% dividend. You get the benefit of a group of stocks that has typically increased their dividends on a fairly regular basis.
investment companies/funds
Richard Croft

President, R.N. Croft Financial...

PricePrice
$10.570
Owned Owned
Yes

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