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TORONTO, February 20, 2025--(BUSINESS WIRE)--Cboe Canada Inc. ("Cboe Canada") is pleased to announce that Purpose Investments has launched seven new Yield Shares ETFs ("Purpose Yield Shares ETFs"), expanding their suite of single stock, yield-focused funds. The ETFs provide exposure to some of the largest U.S. companies along with the potential for enhanced monthly yield and are now listed on Cboe Canada under the following names and symbols:
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Tech Innovators Yield Shares Purpose ETF – YMAG
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Costco (COST) Yield Shares Purpose ETF – YCST
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Netflix (NFLX) Yield Shares Purpose ETF – YNET
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Broadcom (AVGO) Yield Shares Purpose ETF – YAVG
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Coinbase (COIN) Yield Shares Purpose ETF – YCON
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Palantir (PLTR) Yield Shares Purpose ETF – YPLT
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UnitedHealth Group (UNH) Yield Shares Purpose ETF – YUNH
Designed to offer long-term exposure to top U.S. listed stocks, the Purpose Yield Shares ETFs purchase and hold common stock and write covered call options and/or cash covered put options to enhance monthly income.
"We're thrilled to expand our Yield Shares lineup with seven new ETFs, providing income-focused investors with more opportunities to earn monthly yield while maintaining long-term exposure to some of the world's most innovative companies. Our Yield Shares ETFs offer a unique combination of income and growth, giving investors the tools they need to earn passive income without sacrificing growth potential," said Nick Mersch, Portfolio Manager, Purpose Investments.
"By providing opportunities for enhanced yield when investing in some of the biggest names listed on U.S. markets, Purpose Investments is catering to the evolving needs of Canadian investors," remarked Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. "We are proud to provide a platform that facilitates access to these innovative products, and we look forward to continuing to support Purpose with first class service and enhanced investor exposure."
The new Yield Shares ETFs join 17 Purpose ETFs already listed on Cboe Canada. Investors can trade units of all Purpose ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe-listed securities.
Cboe Canada is home to ETFs from Canada’s largest ETF issuers, 91 Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 15% of all volume traded in Canadian listed securities. Click here for a complete view of all Cboe-listed securities.