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



TSX:CNCC - Post by User

Comment by themangokidon Dec 13, 2011 8:12am
501 Views
Post# 19316144

RE: RE: RE: RE: RE: RE: HE* SPs

RE: RE: RE: RE: RE: RE: HE* SPs

hi plittle.  I have a little of hex, hep, and hee.  I guess the divs have been fairly consistent, save for HEP most recently but I understand the amounts can move up and down each month.  I hope they stay as consistent. 


August
HEX: 12.654,
HEE: 11.854
HEP: 18.14

September
HEX: 11.353
HEE: 13.237
HEP: 17.974

October
HEX: 11.298
HEE: 13.886
HEP: 17.761

November
HEX: 11.233
HEE: 13.011
HEP: 11.81

I guess my main disappointment is these products overdoing it on the downside and giving you much less than I expected on the bounce.  I think I remember the manager of these horizon products say that you only are not going to capture the upside if the equities move an excessive amount within the month.  However, these products seem to capture only a sliver of the bounce regardless if its a big move or modest move.  Anyway, I'll see if I can find that clip.  I'm pretty sure it was the horizon manager I'm remembering, although I cant be 100% sure.

Anyway, like I said, these may not be as bad as I initially conveyed (i like the monthly income)  but the lower the markets go, the higher the bounce we eventually are going to get and when that bounce comes I dont think hex, hep, or hee will capture enough of that bounce to make me want to add more to my positions.   This being said, I'm not going to sell my existing positions.  Once a few more months go by I may run the charts again and see if my opinion has changed.

good luck 

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