Horizons Enhan. Incm. Fin. ETF (HEF-T) Stock Predictions - Stockchase
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Horizons Enhan. Incm. Fin. ETF (HEF-T)

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HEF-T

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Horizons Enhan. Incm. Fin. ETF (HEF-T) SAVE Apr, 19, 2019, 7:27 am

8.46 0.05 (0.59%)

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COMMENT

It is one of what he calls the covered call ETFs. It holds mostly Canadian banks.  They sell covered call companies so that if the stocks appreciate quite rapidly then they sell out the equities for much less than the market value.  It is not the same as a dividend income play.  These kinds of ETFs outperform in range bound or downturn markets.

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It is one of what he calls the covered call ETFs. It holds mostly Canadian banks.  They sell covered call companies so that if the stocks appreciate quite rapidly then they sell out the equities for much less than the market value.  It is not the same as a dividend income play.  These kinds of ETFs outperform in range bound or downturn markets.

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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$8.700
Owned Owned
Unknown

COMMENT

Current yield is about 8.5%. This owns a basket of financial stocks and is basically writing Covered Calls against them. If the prospectus says they are writing options against most of the portfolio, i.e., 80% or more, he would have a problem with it because if he is correct, you get capped on the upside. Markets have been relatively choppy, so you could have the financials go up and come back. You are capped on the upside, it’s dropped down, and they are writing Calls below the strike price, and this could create some losses in the portfolio. He would prefer BMO Covered Call Canadian Banks (ZWB-T).

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Current yield is about 8.5%. This owns a basket of financial stocks and is basically writing Covered Calls against them. If the prospectus says they are writing options against most of the portfolio, i.e., 80% or more, he would have a problem with it because if he is correct, you get capped on the upside. Markets have been relatively choppy, so you could have the financials go up and come back. You are capped on the upside, it’s dropped down, and they are writing Calls below the strike price, and this could create some losses in the portfolio. He would prefer BMO Covered Call Canadian Banks (ZWB-T).

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Richard Croft

President, R.N. Croft Financial...

Price Price
$8.140
Owned Owned
Unknown

DON'T BUY

BMO Covered Call Cdn Banks (ZWB-T) or Horizons Enhanced Income Financials (HEF-T)? It is probably time to move from a Covered Call scenario where they yield 7%. If we do have a rising rate environment again, it is going to be a bit more of a “south of the border” scenario. If it is a North American phenomenon and we don’t hit the wall that everybody has been waiting for, then just being Long the Canadian banks, without having covered calls is the way to go. Thinks the US banks have a lot of upside.

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BMO Covered Call Cdn Banks (ZWB-T) or Horizons Enhanced Income Financials (HEF-T)? It is probably time to move from a Covered Call scenario where they yield 7%. If we do have a rising rate environment again, it is going to be a bit more of a “south of the border” scenario. If it is a North American phenomenon and we don’t hit the wall that everybody has been waiting for, then just being Long the Canadian banks, without having covered calls is the way to go. Thinks the US banks have a lot of upside.

E.T.F.'s
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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$8.100
Owned Owned
Unknown

COMMENT

A covered call similar to BMO Covered Call Cdn Banks (ZWB-T) except that there is a mutual fund company in the asset mix.

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A covered call similar to BMO Covered Call Cdn Banks (ZWB-T) except that there is a mutual fund company in the asset mix.

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John Hood

President , J. C Hood Investment...

Price Price
$8.460
Owned Owned
Unknown

TOP PICK

This sells Calls against the total portfolio. They are doing between 40% and 70% on covered calls. It is a much better product than it used to be. Dividend yield and capital gain of about 7.3%.

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This sells Calls against the total portfolio. They are doing between 40% and 70% on covered calls. It is a much better product than it used to be. Dividend yield and capital gain of about 7.3%.

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John Hood

President , J. C Hood Investment...

Price Price
$8.375
Owned Owned
No

BUY
Horizons Enhanced Income Financials ETF (HEF-T) or BMO Covered Call Cdn Banks ETF (ZWB-T) for a long term investment? Likes them both about equally and they are similar. Enhanced Income Financials if you feel insurance will outperform banks otherwise Covered Call Cdn Banks.
E.T.F.'s
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Horizons Enhanced Income Financials ETF (HEF-T) or BMO Covered Call Cdn Banks ETF (ZWB-T) for a long term investment? Likes them both about equally and they are similar. Enhanced Income Financials if you feel insurance will outperform banks otherwise Covered Call Cdn Banks.
E.T.F.'s
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John DeGoey

Portfolio , Industrial Alliance ...

Price Price
$8.650
Owned Owned
No

WEAK BUY
Whole slue of products that combined equities with covered call writing. They hold 12 banks and insurance companies and write covered calls on more than half o the portfolio. Can generate pretty good income. When markets rally you are going to miss out on the upside.
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Whole slue of products that combined equities with covered call writing. They hold 12 banks and insurance companies and write covered calls on more than half o the portfolio. Can generate pretty good income. When markets rally you are going to miss out on the upside.
E.T.F.'s
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Vikash Jain, CF

Portfolio , ArcherETF...

Price Price
$8.750
Owned Owned
Unknown

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