Global X S&P/TSX 60 Covered Call ETF T.CNCC

I've done My "DD" on this one..

[uchuck]

Looked at the Prospectus, this puppy is a winner, esp. for those of us over age 60 looking for top-up to Retirement/pensions. MER is only 0.65%, no 7%  DSC "exit fees," whew.

[spazzman]

 If you like HEX, then you may want to research HEE, HEP and HEF.  All  4 pay out yield via dividends, capital gains and covered call earnings.  If you want exposure to the US take a look at HES.un.  Just remember that these yields are not fixed and will fluctuate as market conditions change.     These ETF's are not in  anyway like YLO.  YLO

[uchuck]

HEX, 2 queries (thanks for the others, BTW):A.If they initiate covered calls "to mitigate risk," then why has the stock dropped from, YOY, a hi of $11.00 to around $8.00 at present (27% drop)? Just the overall downdraft of the TSX market (hello, Greece)?B. These are premier blue chip stocks. If the ave. yield in their "basket" of stocks is, say, 3.5-6.5%, how can they

[spazzman]

1) HEX, HEE, HEP & HEF are all IPO's issued early this year before the US debt ceiling FCUK up and prior to          the European mess.  They were all issued at $10.00 rose initially then dropped in tandem with the market. 2) As I have said in past posts the yield of >15% is made up of more then just dividends, its capital gains, and the