Q: what your opinions on HMAX from hamilton etfs
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Investment Q&A
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Q: Too good to be true alert: Can HMAX consistently deliver a 13% return using call options? This is near triple the yield on some of the big six bank stocks. It's hard to believe that a 13% return can be consistently delivered. Doesn't seem real. What might the downside be to owning this vehicle? Thank you!
Q: Hi Team, my entire portfolio is in stocks(no ETF's) but i am intrigued by HMAX. I am thinking of replacing my two bank holdings (RBC,TD) with HMAX.
Is this basic understanding correct: If Canadian bank share prices decline HMAX unit price will do slightly better than bank index. In a steady share price enviornment for the banks HMAX will be about the same as the bank index. If the banks rise significantly HMAX will go up but will lag the index. All the while HMAX will yield approx. 13% while the individual banks will pay 4-5%.
My current view on the banks is cautious (hold) and I do not want to abadon the sector as it is such a significant part of the TSX and long-term they do well.
A 13% return with minimal volatility (arguably less volatility than holding an individual bank) seems pretty good for the banking allocation of a portfolio. Am I missing something?
Is this basic understanding correct: If Canadian bank share prices decline HMAX unit price will do slightly better than bank index. In a steady share price enviornment for the banks HMAX will be about the same as the bank index. If the banks rise significantly HMAX will go up but will lag the index. All the while HMAX will yield approx. 13% while the individual banks will pay 4-5%.
My current view on the banks is cautious (hold) and I do not want to abadon the sector as it is such a significant part of the TSX and long-term they do well.
A 13% return with minimal volatility (arguably less volatility than holding an individual bank) seems pretty good for the banking allocation of a portfolio. Am I missing something?
Q: Can you please provide your views on hmax?