BMO Covered Call Canadian Banks ETF T.ZWB

Alternate Symbol(s): BMDLF | T.ZWB.U

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. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. 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:ZWB - Post by User

BMO Covered Call Canadian Banks ETF

Bullboard Posts

Comment by jjmaxon Apr 19, 2011 9:40pm

623 Views

Post# 18457586

RE: new cc etfs

Thanks Lou, I bot some of each today then I got this tonight,

https://www.theglobeandmail.com/globe-investor/news-sources/?date=20110419&archive=cnw&slug=C5625

Wow, unbelievable.

If this is indictative of future divies I'll be very happy.

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