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iShares S&P/TSX Capped Financials Index ETF (XFN $72.23)
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Aritzia Inc. Subordinate Voting Shares (ATZ $98.42)
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Sagicor Financial Company Ltd. (SFC $8.00)
Q: Hello Peter and team,
What do you think of Sagicor Financial and Aritzia? Also, the banks PE seem to be high in comparison to the past. Do you feel it is time to trim the positions in the index? Appreciated.
What do you think of Sagicor Financial and Aritzia? Also, the banks PE seem to be high in comparison to the past. Do you feel it is time to trim the positions in the index? Appreciated.
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Manulife Financial Corporation (MFC $46.12)
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Sun Life Financial Inc. (SLF $85.62)
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Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,200.00)
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goeasy Ltd. (GSY $165.01)
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iShares Equal Weight Banc & Lifeco ETF (CEW $25.33)
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iShares U.S. Financials ETF (IYF $122.05)
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Sagicor Financial Company Ltd. (SFC $8.00)
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Brookfield Corporation Class A Limited Voting Shares (BN $64.62)
Q: Hi Peter and Team,
Across all accounts, our holdings in the Financial Sector include BN, FFH, GSY, MFC, SLF, and the CEW ETF. I feel that this is a fairly good representation but realize that the Canadian banking sector is quite low, and the US banking sector is non-existent in our portfolio. Portfolio Analytics indicates that we need more exposure in this sector.
Several questions; please deduct question credits accordingly.
1. TipRanks shows that BN has a P/E ratio of 125.13. Can this be true?
2. A recent question from a 5i member asked about Sagicor SFC, which prompted me to investigate it further. I realize that it’s a small-cap stock, but noticed that for the 3 month, 6 month, and year-to-date periods, it has excellent momentum (which I know you like) and has a really low P/E ratio of 1.51, which I assume to be correct.
3. Because I feel that Trump tariffs are more of a possibility than not, I’m in the process of adjusting some sectors but not all, in case the tariffs don’t happen.
4. Would you endorse a small holding in SFC, (say a half-position) using proceeds from the sale of more tariff-vulnerable stocks?
5. Finally, could you suggest some Canadian-domiciled ETFs that would give us needed exposure to both the Canadian and US banking sector?
As always, thanks for your assistance that helps us to make informed decisions.
Across all accounts, our holdings in the Financial Sector include BN, FFH, GSY, MFC, SLF, and the CEW ETF. I feel that this is a fairly good representation but realize that the Canadian banking sector is quite low, and the US banking sector is non-existent in our portfolio. Portfolio Analytics indicates that we need more exposure in this sector.
Several questions; please deduct question credits accordingly.
1. TipRanks shows that BN has a P/E ratio of 125.13. Can this be true?
2. A recent question from a 5i member asked about Sagicor SFC, which prompted me to investigate it further. I realize that it’s a small-cap stock, but noticed that for the 3 month, 6 month, and year-to-date periods, it has excellent momentum (which I know you like) and has a really low P/E ratio of 1.51, which I assume to be correct.
3. Because I feel that Trump tariffs are more of a possibility than not, I’m in the process of adjusting some sectors but not all, in case the tariffs don’t happen.
4. Would you endorse a small holding in SFC, (say a half-position) using proceeds from the sale of more tariff-vulnerable stocks?
5. Finally, could you suggest some Canadian-domiciled ETFs that would give us needed exposure to both the Canadian and US banking sector?
As always, thanks for your assistance that helps us to make informed decisions.
Q: Any news or reason that this has jumped so much recently? I can't seem to find anything...
Thanks!
Thanks!