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Harvest Healthcare Leaders Income ETF (HHL)
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Harvest Healthcare Leaders Income ETF (HHL.U)
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Harvest Healthcare Leaders Income ETF (HHL.B)
Q: Being that the USD is quite high right now, what would be the best out of these three HHL ETFs to buy this fall? I have Canadian dollars so would be moving the money to USD to buy HHL.U. From their site it looks like the HHL.B is the best performer overall but I'm not clear how today's rates effect price etc.
Also would it make sense to have another fund like VHT or IYH to compliment HHL, which would give more upside over time? In one response you like VHT better - why is that?
Thanks so much!
Also would it make sense to have another fund like VHT or IYH to compliment HHL, which would give more upside over time? In one response you like VHT better - why is that?
Thanks so much!
5i Research Answer:
HHL uses an active covered call strategy to enhance income. This is fine, for income focused investors. But for long term capital gains, a 'straight' equity fund such as VHT is likely to outperform covered call funds and have more longterm upside potential. If comparing HHL.U to the others, remember the performance metrics will not include currency changes like the others will. The C$ is down over the past year. On a net basis, performance should be very similar.