Mike PhilbrickBMO Europe High Dividend Covered Call Hedged to CAD ETZWE.TOBUYJan 26, 2024

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.

Great for investors looking for stable investment. Well diversified. Better option for investors versus one particular stock. 

Good for currency hedging. Would recommend for European exposure. 

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%.

Good exposure for international oriented investors.
Idea of getting European exposure good.
Generally out of the money strategy.
MER = 0.71%.
Portfolio allocation depends on portfolio size.
Good for older investors looking for safe product.

International market presenting value.
All financial metrics are priced low in Europe.
High dividend exposure in ETF provides ~6% yield.
Good name to buy for long term.