What is BMO Covered Call Canadian Banks ETF?
What is BMO Covered Call Canadian Banks ETF?
The BMO Covered Call Canadian Banks ETF (ZWB) has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options.
What is BMO covered call ETF?
The BMO Covered Call ETFs are income focused products that are designed to provide equity exposure with a sustainable, attractive yield. The Covered Call ETFs appeal to investors who desire a high level of income, as well as the potential for capital gains.
What is a covered call strategy?
A covered call is a popular options strategy used to generate income in the form of options premiums. To execute a covered call, an investor holding a long position in an asset then writes (sells) call options on that same asset.
What is the BMO covered call Canadian banks ETF?
The BMO Covered Call Canadian Banks ETF (ZWB) has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options.
Is the BMO equal weight Canadian banks ETF a good investment?
The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options and is currently invested in the BMO Equal Weight Banks Index ETF.
Are there management fees for zwb Canadian banks ETF?
In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds. Chart comparing growth of $10,000.
What kind of ETF is Bank of Montreal?
Canadian Imperial Bank of Commerce 16.9% 4. Royal Bank of Canada 16.5% 5. Toronto-Dominion Bank, The, 16.3% 6. Bank of Nova Scotia, The, 16.2% 7. Cash/Receivables/Payables -0.2% 8. BMO Equal Weight Banks Index ETF, Call Option, Dec 2020, $30.00 -0.1% 9. Bank of Montreal, Call Option, Dec 2020, $100.00 -0.1% 10.