Q: Which would you recommend and why
Manulife or exchange income fund
Thank you
Manulife or exchange income fund
Thank you
5i Research Answer:
We like EIF, but it is significantly smaller ($2B vs $52B) than EIF and likely a bit more economically-sensitive due to its industrial/air exposure. MFC is much cheaper and has outperformed in the past 18 months. We would side with MFC here for income and growth.