Description: First Asset U.S. & Canada Lifeco Income ETF (the Fund), formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada-based exchange traded fund. The Fund's investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment. The Fund's investment manager is First Asset Investment Management Inc.
Exchange: TO
Country: CA
Currency: Canadian Dollar (C$)
Category: Financial Services Equity
Asset Allocation | |||
---|---|---|---|
Asset Class | Long % | Short % | Net Assets |
US Equity | 73.90 | 0.00 | 73.90 |
Equity | 26.38 | 0.00 | 26.38 |
Cash | 0.36 | 0.00 | 0.36 |
Other | 0.00 | 0.08 | -0.08 |
Sector Weights | ||
---|---|---|
Sector | Equity % | Relative to Category |
Financial Services | 100.00 | 99.29 |
World Regions | ||
---|---|---|
Region | Equity % | Relative to Category |
North America | 100.00 | 95.76 |
Japan | 0.00 | 0.08 |
Australasia | 0.00 | 1.20 |
Asia Emerging | 0.00 | 0.17 |
Latin America | 0.00 | 0.07 |
Asia Developed | 0.00 | 0.21 |
United Kingdom | 0.00 | 1.06 |
Europe Developed | 0.00 | 1.29 |
Africa/Middle East | 0.00 | 0.16 |