The fund aims to provide Canadian investors with monthly income through a covered-call strategy and modest leverage.

Toronto-based asset management firm Purpose Investments (Purpose) has expanded its product lineup with the launch of the Purpose SpaceX Yield Shares ETF (SPXY), providing Canadian investors with income-oriented exposure to the listed spacetech firm. SPXY seeks to generate enhanced monthly income from SpaceX shares  SPXY seeks to generate enhanced monthly income from SpaceX shares by writing covered calls on roughly 50% of the portfolio and applying about 25% leverage, while still allowi