Q: Good day team,
What do think of this ETF to purchase?
Also CCLN.
Thank you, John G.
What do think of this ETF to purchase?
Also CCLN.
Thank you, John G.
5i Research Answer:
CCLN is a clean energy ETF, with a relatively short history. And the history is not good. One year return -30.9%. It has bounced hard in the past month (+15.4%) and we have no objections to its strategy nor holdings. But it is far too small ($1.5M in assets) to recommend and we would prefer a longer history. HUTL we think is fine for global utilities exposure. We can argue that the fees are too high (0.79%) but indicated yield is above 8% as it writes covered calls on one-third of its holdings. The utilities sector should also perform better as rates decline. For enhanced income with a global tilt, we would be comfortable with it.