Marcos Gutierrez

Covered-call results hinged on overwrite design: full at-the-money calls maximized premium but limited rallies, while partial or out-of-the-money calls preserved more upside.
In current 2026 performance, the partial-overlay fund returned ~13%, the daily-reset fund ~11%, and the full-overwrite fund ~10% despite tracking the same index.
The full-overwrite fund wrote one-mo at-the-money calls on 100% of holdings, produced low-double-digit yield, and delivered variable monthly cash while capping most upside.
The partial-overlay fund combined a trailing distribution near $4.6, forward payout near $4.8, and ~20% one-year return, though active management added timing risk.
The daily-reset fund sold zero-days-to-expiry calls each session, preserving participation better than monthly strategies, but with lower, lumpier income; 2026 showed total return trumped yield.

Covered-Call Yield Isn't The Whole Story

For Canadian investors, ETFs made foreign investing far simpler, giving managers and retail investors lower-cost, more targeted access to global markets than direct security trading.
The further Canadians looked beyond developed markets, the more valuable ETFs became, bundling custody, settlement, liquidity, currency, tax, and market access into one vehicle.
For a Canadian manager, ETFs also eased trading across time zones, while market makers could support liquidity beyond daily volume and help execute larger trades.
The firm said ETF choice feels vast, so it uses seven criteria and keeps updating them as markets shift, launches appear, and closures happen.
Because many advisors know North American securities better than global markets, ETFs let specialists package global expertise efficiently alongside an advisor's existing portfolio.