Mulvihill Launches Canadian Bank ETF with Monthly Income Focus

Mulvihill Capital Management has launched the Mulvihill Canadian Bank ETF (TSX: MBNK), which began trading on June 23. The ETF invests primarily in shares of Canada’s six largest banks—RBC, TD, BMO, Scotiabank, CIBC, and National Bank—with the goal of delivering long-term capital appreciation and monthly cash distributions. To enhance income, MBNK may employ covered call and cash-covered put option strategies on part of its portfolio. The fund is structured as an alternative mutual fund and expands Mulvihill’s suite of option-based income solutions.