Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions John Hood
First Asset Can Materials ETFMXF.TOCOMMENTApr 02, 2019
Basic materials are in the dumpster. the sector is not doing well. nothing wrong with the ETF.
John HoodUnknown
$11.93
Stock price when the opinion was issued
$12.29
As of Aug 21, 2019. Market Open.
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
COMMENT
Canadian Materials ETF. It is 70% gold equities. They earn a dividend but MXF-T writes covered calls on 25% of their holdings and then pays a distribution. It has gone down with the overall market and then broke its trend to move sideways. If you expect the sector to do okay this is a good way to get exposure to this. Covered calls work well when there is slow growth in the stocks it holds.
E.T.F.'s
DON'T BUY
Dividend yield is quite high at about 16.5% and this just emphasizes the issue of don’t trust yield. This ETF is based on materials, which is basically gold stocks and potash. A lot of the golds are paying dividends and Calls are being written on them, but the price has collapsed. Doesn’t make any sense to be up 14% on a dividend, but down 25% on the underlying securities.
E.T.F.'s
