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Convergence Long/Short Equity ETF
CLSE (Convergence Long/Short Equity ETF) is an active Alternative ETF by Convergence. With a 1.52% MER, it provides diversified exposure through 313 holdings. Annual distribution with a 0.93% yield.
CLSE is actively managed by Convergence's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.52% MER reflects the costs of a more specialized management approach.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).