Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY-NE)

The Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY-NE) has received mixed reviews from experts. One reviewer advises caution with covered call strategies, suggesting that investors might achieve better returns with options like the iShares TSX High Dividend ETF or the Vanguard High Dividend Index ETF. They highlight a preference for direct investment in underlying securities for greater upside potential, noting that CDAY-NE may only be suitable for those primarily seeking income. Another reviewer, who identifies as a retired income investor, mentions they wouldn’t use this ETF since their firm can manage similar strategies in-house. They indicate that while zero-day strategies can generate capital gains through frequent distributions, there’s a trade-off concerning upside potential. Overall, CDAY-NE might be appropriate for income-focused investors but potentially underperforms for long-term capital gains seekers.