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As of November 1, 2016, Preferred Share Investment Trust has been acquired by First Asset Preferred Share ETF. Preferred Share Investment Trust is a closed ended balanced mutual fund launched and managed by First Asset Investment Management Inc. The fund is co-managed by Aston Hill Investments Inc. It invests in the fixed income and public equity markets of Canada. For the equity portion the fund invests in the investment grade preferred shares. For the fixed income portion it invests in investment grade corporate debt and convertible bonds. The fund invests in the stocks of companies operating across diversified sectors. It employs fundamental analysis with bottom-up approach focusing on factors like profitability, liquidity, industry position, operating leverage, management strength and experience, historical earnings and future projections to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P/TSX Preferred Share TR Index. Preferred Share Investment Trust was formed on March 11, 2009 and is domiciled in Canada.
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