Canadian Life Companies Split Corp. (LFE.TO)
Canadian Life Companies Split Corp. operates in the Asset Management industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $9.14, down 1.08% on the session, giving a market capitalisation of $156.4M. Its beta of 2.24 implies it has historically moved more than the broad market.
Managed by Quadravest Capital Management Inc., Canadian Life Companies Split Corp. functions as a closed-ended equity mutual fund dedicated to investing in the public equity markets of Canada. Its strategy primarily involves targeting companies within the life insurance sector, with a significant allocation towards four major publicly traded firms: Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. To assemble its portfolio, the fund employs a rigorous fundamental analysis methodology, examining factors such as a company's earnings history, its price-to-earnings multiple in comparison to peers, cash flow, dividend payouts, market standing, and potential for future expansion. The performance of its holdings is benchmarked against the S&P TSX Financial Index. This Canadian-based corporation was founded on April 18, 2005.
Canadian Life Companies Split Corp. is most often compared with the following Financial Services names: