First Asset launches health-care ETF
Toronto-based First Asset Investment Management Inc. has launched a new ETF focused on the health-care industry. First Asset Health Care Giants Covered Call ETF is an actively managed portfolio meant to provide investors with regular cash distributions, capital appreciation and low overall volatility. The ETF is designed to accomplish this objective through investments, on an equal-weighted basis, in 20 large-cap health-care securities listed on North American stock exchanges and through the use of covered-call options. Management fees are 0.65%.