Q: If I understand correctly, HHL is a Canadian ETF that holds US or maybe global Health Care stocks, and HHL.U is the same fund in US$.
For US$ Health Care covered call ETF, would you recommend the HHL.U or would some other similar ETF be more suitable?
Thank you
jerry
For US$ Health Care covered call ETF, would you recommend the HHL.U or would some other similar ETF be more suitable?
Thank you
jerry
5i Research Answer:
The two funds (they are the same, just trade in different currency) are 'global' but right now are 85% invested in the US. UK is 5%, Switzerland is 4%. Indicated yield is 8.97%. One-year return 11.73%. We would be quite comfortable owning this for a covered call sector position. We would be fine with the US version to get US distributions with no f/x conversion fees (if held in a US dollar account).