Are you looking for a better retirement income option for your clients?


    Harvest ETFs launched its Harvest Diversified Monthly Income ETF (HDIF:TSX) on February 16th, and although it’s only a month old, the ETF is already proving to be a winner as it’s now over $30 million managed assets.

    «The capital that has flowed into this ETF has been some of the fastest we’ve seen from any of the funds we’ve raised over the past decade,» said Paul MacDonald, Harvest ETF’s chief investment officer and portfolio manager wealth professional.

    The HDIF ETF was created to provide a one-stop shop for investors interested in retirement capital gains. It’s a «fund of funds,» MacDonald said, which combines five covered-call income ETFs into a single package and generates improved monthly cash flows. It also does not charge any additional management fee for the collective group above the underlying fees and now sees a monthly payout of 8.5%.

    The five Harvest ETFs held in HDIF tend to be sector-focused, targeting areas of the market with long-term tailwinds for long-term growth. These include large-cap healthcare companies, large global utilities, technology companies, US banks, and leading consumer-based brands.

    «One of the reasons we’ve had success with every single ETF is because we believe there’s a gap in quality, income-focused products for investors,» MacDonald said. “This means that even though interest rates have risen somewhat, your traditional fixed income securities are still yielding exceptionally low yields. There really aren’t any alternatives with relatively low dividend yields in the broader markets, but investors need to find sources of cash flow from their investments.»

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