Mulvihill's Bank ETF Surges with $47M Growth in 2025
The Mulvihill Canadian Bank Enhanced Yield ETF saw strong growth in 2025, with net assets rising by $47.04 million. This increase brought the total net assets to $130.48 million by the end of the year. The fund, managed by Mulvihill Capital Management Inc., focuses on long-term capital appreciation through investments in Canada's six major banks.
The fund's net assets per unit climbed by $3.75 in 2025, reaching $11.86 by December 31. Total assets stood at $162.87 million, while net liabilities amounted to $32.39 million. During the year, unitholders received cash distributions of $8.67 million, equivalent to $0.70 per unit.
The fund's income for 2025, including net gains on investments, totalled $48.96 million. After accounting for expenses of $1.92 million, the net gain contributed to the overall growth in assets. To boost returns, the fund employs modest leverage of 25% and trades call and put options on part of its portfolio. Traded on the Toronto Stock Exchange under the symbol CBNK, the ETF aims to provide unitholders with steady returns through exposure to major Canadian bank shares. Mulvihill Capital Management Inc. oversees the investment strategy, which combines equity holdings with options trading to enhance yields.
By the close of 2025, the fund's net assets per unit had risen to $11.86, reflecting a year of solid financial performance. The combination of income from investments, strategic leverage, and options trading supported the growth. Unitholders benefited from both increased asset value and regular cash distributions throughout the year.
