Description

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. 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. 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.