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      Purpose Investments Launches Yield Shares ETFs

      Published: just now

      Purpose Investments Launches Yield Shares ETFs

      December 20, 2022 - NEO announded that Purpose Investments has returned to the NEO Exchange to launch Yield Shares ETFs, the first yield-focused single stock ETFs that seek to provide investors with a monthly yield while investing in some of the most well-known global public companies.

       

      Each Yield Shares ETF seeks to provide unitholders with long-term capital appreciation through purchasing and holding shares of an individual company coupled with the use of leverage, covered call options, and/or cash covered put options to generate monthly cash distributions. 

       

      Each Yield Shares ETF will hedge substantially all of its U.S. dollar exposure hedged back to Canadian dollars. The first five Yield Shares by Purpose, and their tickers, are listed below:

       

      • Alphabet (GOOGL) Yield Shares Purpose ETF – YGOG
      • Amazon (AMZN) Yield Shares Purpose ETF – YAMZ
      • Apple (AAPL) Yield Shares Purpose ETF – APLY
      • Berkshire Hathaway (BRK) Yield Shares Purpose ETF – BRKY
      • Tesla (TSLA) Yield Shares Purpose ETF – YTSL

       

      “Over the years, Purpose has consistently earned a reputation for innovation in the investment industry,” said Erik Sloane, Chief Revenue Officer at NEO, “and the all-new Yield Shares by Purpose are the latest way investors can get more optionality in how they invest abroad. With today’s launch, NEO is proud to continue supporting Purpose as their exchange partner, and we are honoured to deliver a best-in-class platform providing superior access and visibility for investors and financial advisors.”

       

      “We’re excited to offer investors the world’s first opportunity, via a single ETF product, to earn enhanced monthly yield from holding their favourite individual stocks like Tesla or Apple,” added Vlad Tasevski, Chief Operating Officer and Head of Product at Purpose. “The Yield Shares ETF suite will provide investors with a new tool that will complement their existing individual stock holdings by providing them with attractive yield every month.”

       

      The first five Yield Shares will join the list of Purpose ETFs and Closed End Funds on the NEO Exchange. 

       

       

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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