Cboe Canada Welcomes Launch of Canada's First Single-Stock ETFs by Purpose Investments

Cboe Canada welcomes Purpose Investments' launch of 10 new single-stock ETFs, marking Canada's first-ever suite of single-stock-focused ETFs. The Purpose Canadian Yield Shares ETFs offer targeted exposure and consistent income potential to leading Canadian companies. This innovative product line combines the familiarity of blue-chip names with monthly income and the power of an ETF structure.

Cboe Canada Inc. has welcomed the launch of 10 new single-stock ETFs by Purpose Investments, marking a significant milestone in the Canadian ETF landscape. These ETFs, branded as Purpose Canadian Yield Shares, represent Canada's first-ever suite of single-stock-focused ETFs, offering investors targeted exposure and consistent income potential [1][2].

The new ETFs are designed to deliver tax-efficient enhanced monthly income while maintaining exposure to individual Canadian companies. This innovative product line combines the familiarity of blue-chip names with the power of an ETF structure, providing investors with a unique combination of income and growth potential. The ETFs are built to deliver higher monthly income through a covered call strategy and moderate leverage, making them attractive to income-focused investors.

The new Canadian Yield Shares ETFs include several well-known Canadian companies, such as TD Bank, Enbridge, and Shopify. These ETFs aim to provide investors with the opportunity to enhance their existing investments in these companies, generating additional monthly income while still participating in their long-term growth potential.

Yuan Gao, Vice President of Product at Purpose Investments, commented on the launch, stating, "Many Canadian stocks have provided reliable growth, and with Canadian Yield Shares, investors can enhance those investments with an innovative strategy that can deliver higher monthly income while keeping total return in focus" [1].

The launch of these ETFs is a significant expansion of Purpose's Yield Shares suite, which initially focused on U.S. stocks. The new ETFs join 17 Purpose ETFs already listed on Cboe Canada, providing investors with a wide range of income-focused investment options [2].

The new ETFs are designed to provide investors with a unique combination of income and growth, giving them the tools they need to earn passive income without sacrificing growth potential. The ETFs are now available for trading on Cboe Canada, with investors able to trade units through their usual investment channels, including discount brokerage platforms and full-service dealers [2].

The launch of these ETFs is a testament to the growing demand for income-focused investment products in Canada. As investors seek ways to generate additional income in a low-interest-rate environment, these ETFs provide a innovative solution that combines the familiarity of blue-chip names with the power of an ETF structure.

References:
[1] https://finance.yahoo.com/news/purpose-investments-canadian-yield-shares-154800472.html
[2] https://www.businesswire.com/news/home/20250220490050/en/Cboe-Canada-Welcomes-Seven-New-Yield-Shares-ETFs-by-Purpose-Investments