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Horizons Equal Weight Canadian Bank Cov Call ETF T.HEF


Primary Symbol: T.BKCC

BKCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks currently, the Solactive Equal Weight Canada Banks Index, and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, BKCC will employ a dynamic covered call option writing program. HEF invests primarily in a portfolio of equity and equity related securities of Canadian companies that are primarily exposed to Canadian banking finance and financial services sectors and that, as at the Constituent Reset Date (see below), are amongst the largest and most liquid issuers listed on the Toronto Stock Exchange (TSX) in their sector. To mitigate downside risk and generate income, the ETFs investment manager actively manages a covered call strategy that generally writes out of the money covered call options on up to 100% of the portfolio securities.


TSX:BKCC - Post by User

Horizons Equal Weight Canadian Bank Cov Call ETF > why
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Comment by FEEDBACK20on Oct 28, 2011 2:54am
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Post# 19188911

RE: why

RE: why Stocks/ETF's move independent of each other.  Some stocks lag behind while others move independent of market sector news/events.  Today ZWB rose 2.37% while HEF only 1.72%,  tomorrow maybe HEF will catch up or not. 
   As the chart below shows these stocks over time mirror each other.  ZWB has a  40.5 million shares outstanding and a market cap of >$577 million, HEF only 3.4 million shares and a market cap of 29.84 million
    I would bet that the n.a.v.'s of ZWB and HEF moved n.sync much closer then the share price does.  
 All I am saying is that you can not judge one over the other based on a few days trading.  Once more investors become aware of HEF and the other Horizon Alpha funds then I would be looking to see the price gap between HEF & ZWB move closer.  When this happens the yields will come down as the price appreciates to a fair market value. As always JMHO
  




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