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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

Comment by Puma1backon Dec 19, 2023 9:13am
206 Views
Post# 35791359

RE:RE:Calls exercised?

RE:RE:Calls exercised?

Anyway, this ETF got put in the  Top 10 ETF's for 2024 in the Globe. 




Puma1back wrote:

i thought they bought more out of money calls anyway, i suspect the call portfolio was not unduly loaded at the lows of October.



AndrewWiggin wrote: Looks like a lot of calls will be exercised.  Does anyone know if ZWU and other covered call etf's immediately repurchased the shares that had the calls exercised?

 


 

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