Stockchase Opinions

Cole Kachur Hamilton Utilities Yield Maximizer ETF UMAX-T WEAK BUY Oct 03, 2024

Underperformed the TSX Utility Index over the last 3 months.

Leverage and covered calls to generate income. The utility trade has already happened with lowering interest rates, so further capital appreciation is limited. Know why you're owning it.

Less risk in ETFs, so you could pick some different sectors for a weighting of 10%.

$14.760

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PARTIAL BUY

Safe dividend with steady dividends in utilities. 
Defensive name. 
Long term hold.