John HoodHealthcare Leaders Income ETFHHL.TOHOLDApr 08, 2020

Healthcare sector lagging in the market, and is due for an increase in value. Very large companies with tailwind in aging population/demand for healthcare. Covered call strategy adds to yield. Good option for investors going forward. 

It was strictly a yield play when interest rates were so low. He has only a small position. Growth in the ETF can be somewhat restrained by the covered call structure. It's a tradeoff between yield and growth. He's still bullish on the healthcare sector, the demographics are beautiful.

Very good for healthcare exposure.
Actively managed with good performance.
High dividend yield (~10%).
Good for long term investors.

Invests in healthcare issuers, a space he likes. Healthcare offers growth and defence and does well in late cycles and recessions. Pays enhanced dividends, too, with options totalling 8.7% dividends. The MER is around 1%, which is a little high. Covered calls do well in flat or down markets. Covered calls are also very tax efficient.

HHL-T vs ZEB-T Canadian banks good long-term investment. European banks good as well. Canada doesn't have much exposure to healthcare stocks but they're going to be part of the future. HHL could be a way to play that. Have to think diversified. Good to make room for both of them in your portfolio.