BMO Covered Call Utilities ETF (ZWU.TO)

Covered Call Utilities ETF. Likes this one. What they do is right Calls against individual stocks, not against the index. He uses it for some of his smaller accounts where he can't adequately diversify among 3 or 4 different covered individual bank stocks. You have to realize that if the yield is 8%, that is not what you are going to get.

Covered Call Utilities ETF. Covered Call strategy is very popular these days but is getting crowded. Basically it says that if the market trades sideways and with all the volatility in the market, can you not make money off that volatility. To do this they go long the stock but write covered calls against it. You underperform if the market goes really down or goes really up. Over the next 2-3 years we should see a better equity market.