What is your opinion about MOAT. It is a new ETF with little track record but I would like your opinion on the strategy used to generate monthly income, safety and suitability for a retiree for safe income. Are there other ETF Canadian or US dollar denominated, with better and well established track record that you would recommend.
MOAT is a small fund with only $3.9M in assets under management. MOAT targets investors looking for high income and moderate capital growth. The fund also utilizes writing put options on securities to earn premiums. MOAT is an actively managed fund that is expected to identify income producing opportunities rather than just a pure buy and hold ETF.
MOAT invests primarily in North American equities, and holdings can change frequently due to active management and options positions. MOAT is designed to produce high yield, which is currently around 12%, with income coming primarily from option premiums and dividends. We think MOAT is too small for now, and a high-risk choice for income investors; we prefer owning plain buy-and-hold long-term ETFs.