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Global X Equal Weight Canadian Utilities Index ETF
UTIL (Global X Equal Weight Canadian Utilities Index ETF) is an index Utilities Equity ETF by Global X. With a 0.25% MER, it provides diversified exposure. Monthly distribution with a 3.55% yield.
UTIL by Global X is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.25% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 3.55% 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.