{"id":815464,"date":"2025-02-20T07:34:34","date_gmt":"2025-02-20T12:34:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/purpose-investments-expands-yield-shares-lineup-with-seven-new-etfs-offering-enhanced-income-opportunities\/"},"modified":"2025-02-20T07:34:34","modified_gmt":"2025-02-20T12:34:34","slug":"purpose-investments-expands-yield-shares-lineup-with-seven-new-etfs-offering-enhanced-income-opportunities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/purpose-investments-expands-yield-shares-lineup-with-seven-new-etfs-offering-enhanced-income-opportunities\/","title":{"rendered":"Purpose Investments Expands Yield Shares Lineup with Seven New ETFs, Offering Enhanced Income Opportunities"},"content":{"rendered":"

\nDesigned for income-focused investors, the new ETFs provide distributions on popular stocks while maintaining direct exposure to their performance
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TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (\u201cPurpose\u201d) is excited to announce the addition of seven new ETFs to its industry-leading Yield Shares Suite \u2013 the world\u2019s first yield-focused single-stock ETFs designed to provide investors with the long-term growth potential and enhanced*<\/sup> monthly yield from their favourite stock. Among the new additions is the Tech Innovators Yield Shares Purpose ETF (Ticker: YMAG)<\/strong>, which brings together all the Mag7 companies along with Broadcom in a one-ticket solution. These new ETFs (described in the table below) begin trading on Cboe Canada today.<\/p>\n\n\n\n\n\n\n\n\n\n
\n Yield Shares ETF<\/strong>\n <\/td>\n\n Ticker<\/strong>\n <\/td>\n\n Underlying Company<\/strong>\n <\/td>\n<\/tr>\n
Costco (COST) Yield Shares Purpose ETF<\/td>\nYCST<\/td>\nCostco<\/td>\n<\/tr>\n
Palantir (PLTR) Yield Shares Purpose ETF<\/td>\nYPLT<\/td>\nPalantir<\/td>\n<\/tr>\n
UnitedHealth (UNH) Yield Shares Purpose ETF<\/td>\nYUNH<\/td>\nUnitedHealth Group<\/td>\n<\/tr>\n
Coinbase (COIN) Yield Shares Purpose ETF<\/td>\nYCON<\/td>\nCoinbase<\/td>\n<\/tr>\n
Netflix (NFLX) Yield Shares Purpose ETF<\/td>\nYNET<\/td>\nNetflix<\/td>\n<\/tr>\n
Broadcom (AVGO) Yield Shares Purpose ETF<\/td>\nYAVG<\/td>\nBroadcom<\/td>\n<\/tr>\n
Tech Innovators Yield Shares Purpose ETF<\/td>\nYMAG<\/td>\nBroadcom, Alphabet, Tesla, Meta, Microsoft, Amazon, Apple, and NVIDIA<\/td>\n<\/tr>\n<\/table>\n

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A Smarter Approach to Income and Growth<\/strong>\n <\/p>\n

Since launching in 2022, Purpose Yield Shares has established itself as a leading solution for investors seeking monthly income while maintaining exposure to leading global companies. These innovative ETFs generate tax-efficient, enhanced monthly distributions by investing directly in the underlying stock and employing a covered call strategy with moderate leverage \u2013 delivering a unique balance of income and growth.<\/p>\n

\u201cThe Yield Shares lineup is committed to giving investors access to high-quality companies with strong fundamentals and long-term growth potential. With these new ETFs, investors can tap into market leaders at the forefront of innovation and economic progress \u2013 all while earning enhanced monthly income,\u201d said Nick Mersch, Yield Shares portfolio manager. \u201cFrom technology and consumer staples to financial services and healthcare, our Yield Shares suite offers a powerful combination of income and growth, allowing investors to participate in the success of industry leaders.\u201d<\/p>\n

\n Key Benefits<\/strong>\n <\/p>\n