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Global X Alternative Income ETF
ALTY (Global X Alternative Income ETF) is an index International Dividend Equity ETF by Global X. With a 0.50% MER, it provides diversified exposure through 19 holdings. Monthly distribution with a 7.29% yield.
ALTY by Global X is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.50% MER, its fees are in line with category averages. It pays a monthly distribution with a 7.29% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.