Richard Croft HAP Enhanced Income Equity ETF HEX-T COMMENT Jun 29, 2015

Covered call strategy. Capital distribution could be larger than dividend. Diversified and covered call so he likes that kind of fund.

TSX 60 covered call overlay. Monthly distributions. In a sideways to down market you will outperform XIU-T, for example. You could trade these two off each other. For the next 3-5 months Canada will underperform the world markets.

This is a covered call strategy. He likes covered calls and has no problem in dealing with this one. Thinks it has a lot of bank stocks which he likes.

Basically a TSX based ETF. 17% energy weighted. It is really a question of whether you think it is time to be stepping back into the Canadian market. There is an argument for it, but he would want to wait a few days to see what shakes out. These are pretty critical times right now.

Basically 30% Banks, 20% energy, 10% utilities, etc. They have a whole bunch of stocks they do covered calls on. You are getting a good 5%-5.25% yield. It is all capital gains and dividends, not income.

He likes this. A little more diversified than some of the Bank of Montréal (BMO-T) products, which are primarily the banks.

It is a covered call ETF that is actively managed. It holds a basket of stocks. It is into typically Canadian exposure. It is difficult to judge whether it is going to outperform. It has a high yield (just over 5.2%). If you want this then it is a good investment.

(A Top Pick July 11/17 - Up 0.6%) Basically it is a covered call on the TSX. He likes the product, but it is the Canadian market that he is not so thrilled about.

This is an enhanced income covered call Canadian ETF. It is a yield vehicle and not a growth strategy. In up trending markets this will underperform the market due to the covered calls being sold. It is better for steady income. MER is 0.82% Yield 5.7%.