Q: Peter & 5iTeam,
Would you start a new position in EQB or add to IFC for a long term hold?
Thanks,
Gary
Would you start a new position in EQB or add to IFC for a long term hold?
Thanks,
Gary
5i Research Answer:
For a long-term hold, and with a slightly more conservative positioning, we would side with IFC over EQB. IFC is almost 10X larger than EQB, and while it has slightly lagged EQB's performance over the past five years, over the past 10 years, IFC has shown a 15.5% CAGR, whereas EQB has a 14% CAGR. We like IFC's industry-leading position in the market, and it is a very high-quality financial name in the Canadian space.