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

BMO Covered Call Utilities ETF

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Post by moneyforsaleon May 01, 2013 12:22am

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Post# 21323010

dividend

not only nice dividend but looks like it broke out of a trading range. Im not sure which is better to park money in,this etf type with steady 5 % plus divy or a interpipeline type stock with smaller divy but maybe more growth potential and divident increases? IM looking 10 years down the road.I own both already but have more money to put to work. such a problem lol

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