World Financial Split Corp. (WFS.TO)

This is the fund that buys the 15 biggest banks. You get the A shares which gives you the capital gain and the B shares which give you the yield. If you like banks, this is not a bad place to be.

They do covered option writing on a basket of global finacial companies. The problem is that currently options are cheap, so you are not getting a lot of premium and they are obligated to make those sales as that is what the strategy is. On the flip side, he likes financials, so it's not a bad place to be. Longer term not bad as one of your income producing assets within a portfolio.