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Purpose Canadian Financial Income Fund
BNC (Purpose Canadian Financial Income Fund) is an active Financial Services Equity ETF by Purpose. With a 0.67% MER, it provides diversified exposure. Monthly distribution with a 3.56% yield.
BNC is actively managed by Purpose's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.67% MER, its fees are in line with category averages. It pays a monthly distribution with a 3.56% yield, making it attractive for income-seeking investors.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.