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Stocks to Invest In: ETFs
Higher Monthly Income from Blue-Chip Canadian Utilities Companies
The investment objective of HUTS is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of a rules-based utilities index, currently the Solactive Canadian Utility Services High Dividend Index TR (SOLCUHDT) by investing 125% of its net asset value in the Horizons Canadian Utility Services High Dividend Index ETF (ticker: UTIL), which will not charge any management fees to HUTS.
HUTS offers one very important benefit versus covered call utilities strategies: an attractive dividend yield (target yield of 5.00%) without an options strategy capping the upside thus providing higher long term growth potential.
For more information on Hamilton ETFs (TSX: HUTS) please visit their website at https://hamiltonetfs.com/etf/huts/
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