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BMO Covered Call Utilities ETF T.ZWU

Alternate Symbol(s):  BMMVF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.


TSX:ZWU - Post by User

Post by armordeckon Jun 21, 2022 3:01pm
79 Views
Post# 34772045

don't understand it the dow goes down price goes down

don't understand it the dow goes down price goes downThis post has been removed in accordance with Community Policy
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