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  5. HDIV: Good day team, I’m looking to purchase both XLB and HDIV. [Hamilton Enhanced Multi-Sector Covered Call ETF]
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Q: Good day team, I’m looking to purchase both XLB and HDIV. Which accounts would be best suited for these ETFs?
Asked by Seamus on July 02, 2024
5i Research Answer:

XLB (we are assuming Canadian XLB) is best held in an RRSP due to the interest income from the ETF. HDIV is likely best in a non-registered account, with a combination of some Canadian dividends and capital gains from call option premiums. 

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