BMO Covered Call Utilities ETF BMMVF

Primary Symbol: T.ZWU

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 Marty47on Jul 24, 2024 9:09pm

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Post# 36147235

At 4% interest rate we should be 11.20$

Base on recent interest cut at 4% we are getting close to 11.20$ and since the etf also have some USA exposure when the fed will start cutting we will get close to 11.70$ with a 0.5% cut a lot of upside , it is also protected from USA election outcome as most the holdings are proof from the dems or republicain as both want interest lower .

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From now on, dynaCERT instead of Bitcoin or NVIDIA?