Q: Hello,
I am missing an insurer in my portfolio. IFC looks to the be obvious choice in Canada. Before buying, I thought I'd ask if there are any smaller and potentially cheaper options that would be of similar or better qauality/future prospects. Would something like TSU or DFY be considered comparable?
I am missing an insurer in my portfolio. IFC looks to the be obvious choice in Canada. Before buying, I thought I'd ask if there are any smaller and potentially cheaper options that would be of similar or better qauality/future prospects. Would something like TSU or DFY be considered comparable?
5i Research Answer:
We would prefer IFC or SLF. DFY we think is fine overall, but it is significantly smaller. TSU has been weak and is tiny in comparison even to DFY. If it is just general sector exposure that is desired we would be fine paying more for quality and safety.