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Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF
HCMT (Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF) is an active US Equity ETF by Direxion. With a 1.18% MER, it provides diversified exposure through 3 holdings. Quarterly distribution with a 0.45% yield.
HCMT is actively managed by Direxion's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.18% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).