iShares Canadian Financial Monthly Income E.T.F.

FIE.A-T

Analysis and Opinions about FIE.A-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 3, 2019
Raises red flags for him. The yield on it (7-8%) is higher than the yield of the underlying stocks. The basket can't yield ore than the eggs on the basket unless there is a Return of Capital. He doesn't like it.
Raises red flags for him. The yield on it (7-8%) is higher than the yield of the underlying stocks. The basket can't yield ore than the eggs on the basket unless there is a Return of Capital. He doesn't like it.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$0.000
Owned
No
DON'T BUY
DON'T BUY
March 28, 2019
Strong dividend. It owns life insurance companies as well. He is kind of disappointed on them. not as warm on this one. He would go straight to the banks.
Strong dividend. It owns life insurance companies as well. He is kind of disappointed on them. not as warm on this one. He would go straight to the banks.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$0.000
Owned
Unknown
COMMENT
COMMENT
February 14, 2019
Is that a better investment over ZWB? He will be so glad when they get rid of it. It is a basket of ETFs. The yield looks great but it is basically return of capital as opposed to return on capital. Old style ETF and should be gone.
Is that a better investment over ZWB? He will be so glad when they get rid of it. It is a basket of ETFs. The yield looks great but it is basically return of capital as opposed to return on capital. Old style ETF and should be gone.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$0.000
Owned
No
COMMENT
COMMENT
March 20, 2017

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.

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.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$6.910
Owned
Unknown
COMMENT
COMMENT
October 6, 2016

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.

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.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$6.170
Owned
No
BUY
BUY
February 19, 2010
Likes it but doesn’t use a lot of dividend paying ETFs. You are not going to get high yields.
Likes it but doesn’t use a lot of dividend paying ETFs. You are not going to get high yields.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$6.760
Owned
No
COMMENT
COMMENT
October 5, 2009
Canadian balanced financial ETF with banks, bonds and preferreds. Very high income that comes from the underlying portfolio as well as return of capital.
Canadian balanced financial ETF with banks, bonds and preferreds. Very high income that comes from the underlying portfolio as well as return of capital.
Som Seif
President and CEO, Claymore Investments Inc.
Price
$6.790
Owned
Yes
BUY
BUY
June 26, 2009
Balanced ETF that includes banks and all the financials as well as preferreds and corporate bonds.
Balanced ETF that includes banks and all the financials as well as preferreds and corporate bonds.
Som Seif
President and CEO, Claymore Investments Inc.
Price
$6.520
Owned
Yes
COMMENT
COMMENT
April 30, 2009
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.
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.
Jeff Black
President & CIO, Crestridge Asset Management
Price
$5.610
Owned
Unknown
HOLD
HOLD
February 5, 2009
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.
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.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$5.360
Owned
Unknown
BUY
BUY
January 30, 2009
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.
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.
Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$5.650
Owned
Unknown
COMMENT
COMMENT
December 12, 2008
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.
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.
Som Seif
President and CEO, Claymore Investments Inc.
Price
$5.370
Owned
Yes
BUY
BUY
September 22, 2008
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.
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.
Som Seif
President and CEO, Claymore Investments Inc.
Price
$8.090
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 2, 2008
(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.
(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.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$7.960
Owned
Unknown
BUY
BUY
June 30, 2008
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.)
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.)
Som Seif
President and CEO, Claymore Investments Inc.
Price
$8.000
Owned
Yes
COMMENT
COMMENT
April 1, 2008
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.
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.
Som Seif
President and CEO, Claymore Investments Inc.
Price
$8.350
Owned
Yes
TOP PICK
TOP PICK
July 11, 2007
Pays about 4% dividend. You get the benefit of a group of stocks that has typically increased their dividends on a fairly regular basis.
Pays about 4% dividend. You get the benefit of a group of stocks that has typically increased their dividends on a fairly regular basis.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$10.570
Owned
Yes
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