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PICTON Long Short Income Alternative Fund
PFIA (PICTON Long Short Income Alternative Fund) is an active Alternative ETF by PICTON. With a 0.95% MER, it provides diversified exposure. Monthly distribution with a 4.48% yield.
PFIA is actively managed by PICTON's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.95% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 4.48% yield, making it attractive for income-seeking investors.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.