Two new ETFs for Canadian investors

Article Excerpt

This month we highlight an ETF that invests in dividend-paying energy stocks, plus another that focuses on renewable energy. NINEPOINT ENERGY INCOME FUND ETF $19.79 (NEO exchange symbol NRGI) invests in dividend-paying companies involved in the energy industry. The ETF is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus. The ETF’s holdings are currently split between U.S. (55%) and Canadian-listed stocks (45%). Exploration and production companies make up 75% of its assets, with smaller allocations to integrated energy companies as well as storage and transportation companies. The fund’s major holdings include Cenovus, Chesapeake Energy, Coterra Energy, Devon Energy, Topaz Energy, and Tourmaline. The ETF pays a monthly dividend; the first payments amounted to $0.0833 per unit, which, if sustained for a full year, equates to a yield of 4.8%. The fund launched on March 4, 2022, and charges a management fee of 1.50%. The Ninepoints Energy Income Fund ETF is okay to hold. BMO BROOKFIELD GLOBAL RENEWABLES INFRASTRUCTURE…