First Asset U S & Canada LifeCo Income Fund

FLI-T

Analysis and Opinions about FLI-T

Signal
Opinion
Expert
BUY
BUY
February 25, 2019
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.
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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
DON'T BUY
January 2, 2019
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.
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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
COMMENT
October 6, 2016

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.)

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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
COMMENT
November 16, 2015

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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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-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for First Asset U S & Canada LifeCo Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Asset U S & Canada LifeCo Income Fund(FLI-T) 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-T on the Toronto Stock Exchange (FLI-CT). It is usually referred to as TSX:FLI or FLI-T

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

In the last year, there was no coverage of First Asset U S & Canada LifeCo Income Fund published on Stockchase.

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 help on deciding if you should buy, sell or hold the stock.

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

In the last year, there was no coverage of First Asset U S & Canada LifeCo Income Fund published on Stockchase.

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

On 2020-03-27, First Asset U S & Canada LifeCo Income Fund (FLI-T) stock closed at a price of $6.7.