Hamilton - UMAX: Maximizing Monthly Income with High-Yield Utilities ETF in Canada
Overall, UMAX aims to provide higher monthly income by investing in utility services equity securities while employing an active covered call strategy.
Enhance Your Monthly Earnings with UMAX
UMAX is a utilities ETF in Canada that aims to maximize monthly income with a target yield of 13%. It focuses on utility services equity securities primarily based in Canada and the U.S. To minimize volatility and increase dividend income, UMAX utilizes an active covered call strategy without leveraging. Some highlights of UMAX include its initial target yield of 13% or higher, monthly distributions, exposure to major Canadian utilities, pipelines, telecoms, and railways, and an active covered call strategy to enhance monthly income and reduce volatility. The current coverage ratio is around 50% to further boost monthly income and reduce volatility. Overall, UMAX aims to provide higher monthly income by investing in utility services equity securities while employing an active covered call strategy.
For more information on Hamilton ETFs (TSX: UMAX) please visit their website at hamiltonetfs.com.
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