Q: Given recent price gains of this fund, do you see more growth? I currently own this in one account and am contemplating buying more in another account. Comments?
5i Research Answer:
EIT has a very strong five-year record now of 19.68%. It is very heavy on financials, at 37%. Its second largest sector is oil and gas, at 18%. Future performance thus will likely be driven by these sectors (though managers can change, of course). But, with a solid performance now longer term, we would be comfortable holding and buying for another account, assuming an investor is comfortable with the sector allocations and has at least a 3-year timeframe.