Q: I hold EQB in my income portion of the total portfolio. Where as 5iR allocates EQB to the Growth Portfolio which I don't have as a portion of my total portfolio. After reading the recent flash report of EQB, I'm inclined to now hold it in my Balance portion of the total portfolio. What do say you about this EQB transfer in my portfolio portions??? Also, I hold TRI that is now in the income portfolio. What do you say about transferring it to the Balance portion of the overall portfolio??? Thanks for the guidance......as I like to hold 20% in Income, 40% in Balance that is all Cdn and 40% in US stocks with more of a stronger tilt to growth that includes technology and healthcare........Tom
5i Research Answer:
While we cannot personalize responses, we would be fine with this approach. EQB offers a good yield but also has seen its top-line grow at a fast rate. Its combination of good top-line growth mixed with a strong yield makes it a good option in a balanced portfolio. TRI's yield of ~1% is fairly small for an income-focused portfolio, and we would be comfortable with this name as more of a balanced company.