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  5. ENCC: I am retired and in an income based RRSP your thoughts on switching ARC, SUNCOR and TOPAZ to the higher yielding EMAX and or ENCC [Global X Canadian Oil and Gas Equity Covered Call ETF]
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Q: I am retired and in an income based RRSP your thoughts on switching ARC, SUNCOR and TOPAZ to the higher yielding EMAX and or ENCC
Asked by Reg on July 17, 2024
5i Research Answer:

It is always hard to compare single companies to an ETF. The ETFs noted offer more diversification and higher yields, but may see lower capital gains in a sector rally than a group of three sector companies. But, if an investor wants enhanced sector income, and understands covered call funds, we would be fine with a switch. We would prefer ENCC of the two. 

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