Brand NewBeen lookig at healthcare for a while and have done quite well with it. But now with the currency difference you really have to pick your parts.....ie went large with Gilliead, but it's getting to be way to much in my portfolio.
This product is new and was mentioned on BNN last week. I went through the synopsis on price and trading rules. All in all not bad. Considering it's active a .85 MER isn't bad. You get 7% annually, with monthly distributiions. And they sell covered calls to reduce the volatility.
It said the top 20 names by value, yet they don't have Gillead in it with a pe of 12 times going forward? Maybe I'm missing something.
If someone sees something that I'm missing please post. Looks like a good place to put some money for a decent dividend in a high torque buisiness with less risk.
It dropped for the first two days in trading.....did I miss something? Anybody?