This ETF offers an equally-weighted portfolio of the 10 largest U.S. and Canadian life insurance companies. The managers also write covered call options on a portion of the portfolio to generate extra income.
This ETF offers an equally-weighted portfolio of the 10 largest U.S. and Canadian life insurance companies. The managers also write covered call options on a portion of the portfolio to generate extra income.
Income Investor
Unfortunately, the fund is currently not delivering on either mandate. The yield still looks attractive, but the distributions have dropped in each quarter over the past year. That trend could reverse itself in 2022 now that the Office of the Superintendent of Financial Institutions has lifted its ban on dividend increases, which was imposed at the start of the pandemic. Both Sun Life and Manulife, two major holdings in this ETF, immediately announced double-digit dividend increases. - Gordon Pape
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Interactive Performance Chart
FLI was first recommended here on February 10, 2018