The only reference here I find to Eit.un is from July 2020 – is your advice still the same?

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In particular you regarded the CAGR and the return of capital was very poor. Has anything changed now?

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Asked on January 12, 2024 1:48 pm
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Dan - I have owned it for about 15 years - another interesting factor is it used to sell for 10 to 15 points over the NAV. So once a year you could redeem a varying percentage and get average market price - 5% . I made money doing that for several years. However last few years it sells for NAV less 1% to 3% - so if you do the yearly redemption you would lose that and the 5% - now only the mathematically challenged do the redemptions. I agree it has always been a bit tricky about performance. I'm glad you see positives about it now.

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Posted by Anonymous
Answered on January 14, 2024 9:54 am
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It's actually amazing how much of a difference the last 3 years makes. Back when I commented on that (it says 3 years ago now according to the Q&A) EIT struggled. However, in a post pandemic environment, it seems to be turning out very solid returns.

One of the things that turns me off of the fund is the company kind of misleads people in terms of overall performance. It benchmarks itself 100% against the TSX, despite having half of its portfolio in US stocks. This allows them to post much larger beats against the index.
It has still performed well, don't get me wrong. But weird benchmarking gives the illusion it's performing better than it is.

I'm warming up to the fund. I'll keep an eye on it and see if it can continue this performance moving forward.

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Posted by Dan Kent
Answered on January 14, 2024 7:52 am