Hamilton Capital Partners Inc has launched the Hamilton Enhanced U.S. Covered Call ETF with the ticker HYLD.
HYLD seeks to replicate, to the extent reasonably possible and before the deduction of fees and expenses, 1.25 times multiple of the Solactive US Covered Call ETFs Index.
HYLD has closed the offering of its initial CDN$ Hedged Units and USD Unhedged Units. The Units of the ETF will begin trading on Tuesday, February 8, 2022 on the Toronto Stock Exchange, with the CDND Hedged Units trading under the ticker symbol HYLD and the USD Hedged Units trading under the ticker symbol HYLD.U.
“Following on the success of HDIV, our popular Canadian-focused Hamilton Enhanced Multi-Sector Covered Call ETF, the Hamilton Enhanced US Covered Call ETF (HYLD) aims to offer investors attractive monthly income (targeting an initial yield of 10 per cent), but with exposure to the US equity markets. Offered in both CAD and USD, HYLD specifically will invest in a portfolio of higher-yielding US-focused covered call ETFs, while adding modest leverage of 25 per cent to enhance growth potential and yield. Similar to HDIV, we believe that HYLD can be a core holding for long-term investors, and a significantly higher-yielding alternative to broad-based US equity ETFs,” says Pat Sommerville, Partner and Head of Business Development at Hamilton ETFs.
