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BMO Europe High Dividend Covered Call Hedged to CAD ETZWE.TOBUYDec 14, 2020Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
Likes exposure to Europe, of which many Canadians have minimal exposure. ZWE looks at the dividend yields of its holdings. Plus, it does some covered writing, which gives you income along the way in tradeoff for upside. Attractive yield, but consider also owning some European stocks on their own. Nice piece of diversification for your portfolio, good bit of income.
In general, Europe is good value compared to US or NA markets. Lower PE and book value, higher dividend. This one has high dividend stocks, with covered call overlay. Up 11% YTD. Makes sense for cashflow. But ZWP, holding underlying securities, gives better total return. Yield is around 7.5%.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good fund for those looking for European exposure. There, the valuation is cheaper than in North America. A bet on a global growth recovery. Unlock Premium - Try 5i Free