What Is HGY?
GLOBALX.CA/HGY HGY offers investors exposure to the price of gold bullion, providing a hedge against economic uncertainty and potential currency fluctuations as well as reducing the market risk. High-Income Potential HGY looks to generate income through covered call writing, which historically produces higher yields in periods of volatility.* Higher volatility in gold prices can likely increase call option premiums. *Covered call writing can limit the upside potential of the underlying security. Monthly Distributions Designed to provide a consistent monthly income with an opportunity for growth. HGY seeks to provide Unitholders with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less HGY’s fees and expenses; (ii) tax-efficient monthly distributions; and (iii) in order to mitigate downside risk and generate income, exposure to a covered call option writing strategy. PREVIOUS 12-MONTH DISTRIBUTIONS
Set it, forget it, let compounding do the heavy lifting. 💪