Hamilton Capital Partner Inc. has just announced the launch of the Hamilton Canadian Financials Yield Maximizer ETF (HMAX). As the name suggests, HMAX seeks to offer maximized yields on a monthly basis through a portfolio of Canadian financial services equity securities using an active covered call strategy. HMAX has completed the offering for its Class E units and plans to launch on the Toronto Stock Exchange on January 23, 2023. A quote from the Head of Business Development at Hamilton ETFs states, “Monthly cash flow continues to be of significant importance to many Canadian investors, and we are excited to launch HMAX, which has been designed with those investors in mind.”
ETF Newz Says:
HMAX will have an initial target yield of 13%+.