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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

BMO Covered Call Utilities ETF > What's not to like?
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Comment by Rainydayon Jun 27, 2022 4:24pm
316 Views
Post# 34785645

RE:RE:RE:What's not to like?

RE:RE:RE:What's not to like?If you're looking for good long-term income with some growth (like ZWU) the ZWB also gives good income (7%) - albeit a bit lower than ZWU - and the growth of Canadian banks. (If you're interested I did an update over on the ZWB board.)
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