First Asset Can Materials ETF

MXF-T

Analysis and Opinions about MXF-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 2, 2019
Basic materials are in the dumpster. the sector is not doing well. nothing wrong with the ETF.
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Basic materials are in the dumpster. the sector is not doing well. nothing wrong with the ETF.
John Hood

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Price
$11.930
Owned
Unknown
COMMENT
COMMENT
December 24, 2018
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
July 5, 2013

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.

Show full opinionHide full opinion

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.

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