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PAYF

TSX
19.13000 CAD
0.02
0.10%
Last update Aug 6, 3:24 PM EDT
Market closed
Day range
19.12000
19.15000
Previous close
19.11000
Open
19.13000
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Purpose Enhanced Premium Yield Fund
19.13
0.02
0.10%

Overview

Description

The Purpose Enhanced Premium Yield Fund is a unique investment vehicle designed to provide investors with a high-yielding income solution by integrating active management techniques. This fund primarily focuses on collecting premium income through writing covered call options on a diversified portfolio of high-quality stocks. The approach aims to enhance yield while mitigating potential downside risks, providing investors with a more stable income stream. Key sectors impacted by the fund include technology, healthcare, and consumer discretionary, reflecting its broad-based exposure to various market segments. The Purpose Enhanced Premium Yield Fund plays a vital role in the financial market by offering an innovative solution for income-seeking investors, particularly in low-interest-rate environments. This fund is ideal for those interested in generating consistent returns while capitalizing on market volatility through options strategies. Its active management approach allows for dynamic adjustments to market conditions, further optimizing the risk-reward profile. As such, it contributes to the broader landscape of income-generating investment options, appealing to individuals and institutions alike who are looking to enhance portfolio performance through strategic exposure and premium collection.

About

Address
Phone
877-789-1517
Website
Instrument type
ETF
Country
Canada
MIC code
XTSE
Market closed

Exchange is currently closed
Pre-market opens in 5 hours 32 minutes

02:27
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
08:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/Toronto timezone (EDT, UTC-04:00).