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Purpose Investments launches new enhanced dividend ETF

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Purpose Investments has launched the Purpose Enhanced Dividend Fund (TSX:PDIV), a new ETF that combines the firm’s North American dividend strategy with a tactical covered-call option strategy designed to optimise the trade-off between premium generation and limiting upside appreciation. 

Purpose has completed the initial public offering of ETF shares and the Fund will commence trading on the Toronto Stock Exchange today under the ticker symbol PDIV”.

“Investors recognize the crucial role dividends can play in their portfolios. However, in a world of lofty valuations and flat to rising interest rates, strategies that seek to enhance income and lower volatility can be a meaningful way to help manage risk,” says Som Seif, President and Chief Executive Officer of Purpose Investments.

Purpose Enhanced Dividend Fund is designed to provide higher dividend equity income and lower risk by combining our successful high-quality North American dividend strategy with a tactical covered-call option strategy designed to optimise the trade-off between premium generation and limiting upside appreciation.

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