Life & Banc Split Corp. (LBS.TO)
Life & Banc Split Corp. operates in the Asset Management industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $13.41, up 1.36% on the session, giving a market capitalisation of $889.9M. Its beta of 1.33 implies it has historically moved more than the broad market.
Life & Banc Split Corp. is a closed-ended equity mutual fund, managed by Brompton Funds Limited, that primarily allocates its capital to the Canadian public stock markets. Its investment approach targets companies within the banking and life insurance sectors, specifically focusing on Canada's six largest banks alongside other significant life insurance providers. The fund operates using a cost-effective split share structure. Its portfolio's performance is benchmarked against the S&P/TSX Capped Financials Index and the S&P/TSX Composite Index. This Canadian-domiciled entity was established on September 6, 2006.
Life & Banc Split Corp. is most often compared with the following Financial Services names: