Mulvihill Capital Management has just announced the launch of the Mulvihill US Health Care Enhanced Yield ETF (XLVE), available for trade on the Toronto Stock Exchange. XLVE will be actively managed looking to offer investors exposure to health care companies from the S&P 500. The fund plans to use up to 25% of its ETF assets for health care companies that are listed outside of the U.S.
ETF Newz Says:
XLVE plans to pay monthly distributors with a target yield of 7% per annum.