Banking on Durable Earnings
The
VPI Income Pool combines equities and fixed income securities to generate
income while keeping investors' capital invested for long-term growth. Its
equity holdings span 39 companies across 17 industries and 10 countries, while
the bond allocation seeks to provide additional income and stability.
The
Canadian banks have been a significant part of the Pool for a long time. Today,
our positions in RBC, Scotiabank, BMO, and CIBC represent 11% of the
equity portfolio. These durable businesses have benefited from strong earnings
growth, averaging 27% year over year which led to returns of up to 74% since June of last year.
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