First Asset US & Canada LifeCo Income FD Declines Again; Strong Momentum for Sellers

 First Asset US & Canada LifeCo Income FD Declines Again; Strong Momentum for Sellers

The stock of First Asset US & Canada LifeCo Income FD (TSE:FLI) is a huge mover today! About 12,475 shares traded hands. First Asset US & Canada LifeCo Income FD (TSE:FLI) has risen 20.51% since April 26, 2016 and is uptrending. It has outperformed by 14.50% the S&P500.
The move comes after 8 months negative chart setup for the $121.76 million company. It was reported on Nov, 28 by Barchart.com. We have $12.19 PT which if reached, will make TSE:FLI worth $3.65M less.

More important recent First Asset US & Canada LifeCo Income FD (TSE:FLI) news were published by: Theglobeandmail.com which released: “Eye on Shorts: What bearish investors are betting against” on February 04, 2015, also Fool.ca published article titled: “Income Investors: Get a 5.9% Yield From Great-West Lifeco Inc.”, Theglobeandmail.com published: “Canada’s top companies by industry” on July 03, 2013. More interesting news about First Asset US & Canada LifeCo Income FD (TSE:FLI) was released by: Theglobeandmail.com and their article: “The new storyline for Canada’s big insurers: International operations” with publication date: July 11, 2014.

First Asset U.S. & Canada Lifeco Income ETF , formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada exchange traded fund. The company has a market cap of $121.76 million. The Fund’s investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. It currently has negative earnings. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment.

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