Overview
Description
Economic Investment Trust Ltd. is a closed-end investment corporation focused on generating above-average returns primarily through long-term capital appreciation and dividend income. Established in 1927, it stands as Canada's first closed-end investment trust, offering investors exposure to a diversified portfolio comprising both Canadian and international equities. The trust's holdings include notable investments in publicly traded companies such as E-L Financial Corporation Limited, Algoma Central Corporation, and The Bank of Nova Scotia, alongside a managed global portfolio.
The company is designed for long-term growth, with management emphasizing the outperformance potential of equities relative to fixed-income assets over extended periods. Its closed-end structure allows for stable portfolio management, largely unaffected by daily investor inflows and outflows, and frequently results in shares trading at a discount to net asset value. Economic Investment Trust Ltd. maintains a low management expense ratio and distributes quarterly dividends to shareholders. Its approach is resilient to short-term market volatility, reflecting a commitment to long-term wealth creation and active, global investment management.
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Instrument type
Common stock
Sector
Industry
Country
Canada
MIC code
NEOE