You Don’t Have to Decide Between Growth and Dividends with This ETF

First Asset Tech Giants Covered Call ETF (TSX:TXF) is a great fund to hold your money in if you’re looking to take advantage of some big-name tech stocks while also collecting some solid dividends along the way. The ETF generates payouts of 4.5%, which are distributed in quarterly installments.

However, not only do you get some recurring income, but you also capitalize on some very high-growing stocks that can also pad your portfolio with some valuable capital appreciation. The biggest holding the fund has is in NVIDIA Corporation (NASDAQ:NVDA), which has soared nearly 150% in the past 12 months. The stock is a big star and would be a solid holding in any portfolio.

Some other big names that make up more than 4% each in the fund include Adobe Systems Incorporated (NASDAQ:ADBE),, Inc. (NYSE:CRM), and Cisco Systems, Inc. (NASDAQ:CSCO). Technology continues to grow at a rapid pace south of the border and this fund will let you capitalize on that in a big way, especially as corporate tax rates have been reduced, meaning that more money will be left over for these high-growth companies to reinvest in themselves.

In the past year, the fund has risen 25% and throwing a great dividend into the mix only makes this ETF even more attractive.

The fund’s management expense ratio is only 0.71%, meaning that you won’t have to fork over a significant chunk of your earnings to pay for the management of the fund.

Tech stocks have been doing great recently, and it’s definitely a sector where you’ll find some great buys.