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  5. ENCC: I have held Freehold for a little over 2 years, and am no more than even on the stock price (but at least have the dividends). [Global X Canadian Oil and Gas Equity Covered Call ETF]

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Q: I have held Freehold for a little over 2 years, and am no more than even on the stock price (but at least have the dividends). Similar to James' question today, I am thinking about selling FRU and moving to an energy income ETF. I have been looking at EMAX, but was not aware of ENCC that was mentioned by James. EMAX is new, but I like the North American approach vs ENCC which appears to be only Canadian companies. Could you compare the pros and cons of each ETF, including taxation of distributions, call strategy and any trading premium to NAV. Do you have a preference of one over the other? My objective is some sector exposure and income, more than capital gains.
Thank-you
Asked by grant on April 11, 2024
5i Research Answer:
ENCC has $310M in assets, fees of 0.84%, and a five year annualized 15.05% return. Managers have...
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