Both exchange-traded funds (ETFs) will write covered call and/or covered put options on the equity securities held in their portfolios, based on market volatility and other factors.
Harvest Portfolios Group (Harvest), an independent Canadian investment fund manager, has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Premium Yield Canadian Bank ETF (HPYB) and the Harvest Premium Yield Enhanced ETF (HPYE). Both ETFs will offer cash distributions at least twice a month While HPYB will provide investors access to a Canadian banks equity portfolio by seeking long-term capital appreciation and investing directly or indirectly on a lever