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First Trust Cloud Computing ETF
SKYY (First Trust Cloud Computing ETF) is a covered call Canadian Equity ETF by First. With a 0.77% MER, it provides diversified exposure.
SKYY by First uses a covered call strategy. By selling call options on its holdings, it generates additional income at the cost of capped upside potential during bull markets.
Its 0.77% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
This ETF is primarily aimed at investors in the distribution phase or seeking regular income, particularly in a TFSA where distributions are tax-free.