CI TECH GIANTS COVERED CALL ETF (TXF.TO)

It's done well, but his only question is, How does it compare to the S&P 500? This ETF is 90% IT and there's nothing wrong whit it, if you want to play this sector, though personally he's wary of the FANG stocks.

Most of what you receive from this ETF is capital gains. It is an interesting ETF- the largest 25 tech companies, equal weight with covered calls. Covered calls are better for stocks going sideways. He does not think this is a prudent investment for a retiree. Be careful here. The covered writes buffer on the downside a little.

A big holding of his. There's a sea change in businesses in how they're embracing technology that stretches beyond the big tech names, so this is a massive growth area. You can buy the hedged or unhedged version (he buys the hedged) and buy these big U.S. tech names without worrying about the Canadian dollar. They also do some covered calls. Pays over 5% yield.

Covered call currency hedged ETF. It is narrowly focused in the industrial sector. They write on 25% of the portfolio.

Invests in an equal weighted basket of big-name tech companies. The “covered call” side is not the major component, because they only write against 25% of the fund and the assets of the fund at any point in time. If you like big-name technology, this is fine. This is where he thinks a lot of the earnings are going to come from.

Techs in the US, the big 4 tech names (basically Internet services), had a fantastic 6 months in 2017 to date. There was a great deal of concentration in the FANG stocks that helped the S&P 500 for the 1^st 6 months. In the back half of 2017, you are going to get a bit more breadth in the S&P 500, so he is not sure you are going to get the same kind of lift on this ETF, as you would by just going into the S&P 500.

Tech in the US have been an amazing play. This one overlays 75% of the portfolio with call options. This is not the way to get growth from technology stocks, but it is the way to get yield. If you need the yield it is fine.

It is a great way to play the big techs, but now is not a great time to get in. The covered calls mean that if markets go up a lot you may not participate properly. He likes the ETF, but tech stocks are not a great place to be right now.

Technology ETF. You don’t have to worry about the market cap because it has the liquidity of the underlying securities it holds. He would prefer a covered call strategy, however. He likes IYW-N to play the broader tech sector.