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 byloselhi1on Feb 22, 2012 6:24pm

404 Views

Post# 19569730

RE: divy

Yup down to
.085 per month from
.095. So in the last year or so since inception BMO has now cut 4 times. Quite happy to be out of this one and will not be back.

SS

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?