AlphaPro Management has rolled out a new exchange-traded fund (ETF) on the Toronto Stock Exchange. The Horizons AlphaPro Enhanced Income Equity ETF will invest in 30 of the largest Canadian stocks. The vehicle will be managed by Eden Rahim, vice president and portfolio manager, while JovInvestment Management will function as an investment advisor. The fund, which is likely to make monthly distributions of dividend and call option income to its unitholders, has closed the offering of its initial units.
Click here for the release from Canada Newswire.