TORONTO, April 24,
2023 /CNW/ - John
Mulvihill, President, Mulvihill Capital Management Inc., and
his team joined Keith Wu, Head,
Exchange Traded Products, Toronto Stock Exchange, to celebrate the
launch of the Mulvihill U.S. Health Care Enhanced Yield ETF (TSX:
XLVE) and open the market.
The Mulvihill U.S. Health Care Enhanced Yield ETF provides
exposure to an actively managed portfolio of U.S. Health Care
stocks, selected from the S&P 500 Health Care Index.
Option-based strategies and modest leverage (up to 25%) are
utilized to provide unitholders with enhanced monthly distributions
and capital appreciation potential. U.S dollar exposure is hedged
back to Canadian dollars.
Mulvihill Capital Management Inc is a Canadian Investment
Manager specializing in enhanced yield equity strategies. The firm
was founded in 1995, making it one of the oldest and most
experienced managers of option-related strategies in Canada. The current team of 6 portfolio
managers have over 140 years of experience working together. The
firm services retail, high net worth and institutional clients
through mutual funds, ETFs, and separately managed accounts.
SOURCE Toronto Stock Exchange