Purpose Canadian Financial Income Fund (BNC.TO) TSX
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
Currency In CAD
Address
130 Adelaide Street West, Suite 3100
Toronto, ON M5H 3P5
Canada
Phone
1-877-789-1517
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
November 23, 2016
This fund endeavors to achieve enduring capital growth and consistent monthly income. It primarily invests in Canadian financial sector companies, allocating up to 70% of its assets to banks and up to 30% to insurance firms, with holdings in each category weighted equally. To augment overall returns, improve dividend generation, and temper portfolio volatility, the fund will strategically implement covered call options. Additionally, it may leverage derivative instruments to meet its investment targets and could participate in short selling or securities lending activities to secure extra revenue.