Richard OrrellGoldman Sachs Nasdaq-100 Core Premium Income ETFGPIQCOMMENTOct 16, 2026
Is this safe in a Canadian cash account?
He doesn't know this well nor the tax factor. GPIQ will give you income, but will reduce upside when the market rips higher. A gradual decline will offer some protection, but none in a sharp fall.
GPIQ on the Nasdaq is a relatively new covered call ETF, but earlier in 2025 doubled its size by more than US$700 million to US$1.2 billion in sales. It's popular with income seekers, particularly retirees, who are collecting the 8.8% dividend (over 10% earlier in 2025). GPIQ uses a dynamic options strategy to capture 85% of market upside.
One of her favourite growth, covered-calls ETFs. Pays a 10.5% dividend yield, only 30-60% covered. Gives you good equity growth and income for a total return.
He doesn't know this well nor the tax factor. GPIQ will give you income, but will reduce upside when the market rips higher. A gradual decline will offer some protection, but none in a sharp fall.