BMO Covered Call Canadian Banks ETF (ZWB.TO) TSX
27.24
+0.03(+0.11%)
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
27.24
+0.03(+0.11%)
Currency In CAD
Address
100 King St. West, 43rd Floor
Toronto, ON M5X 1A1
Canada
Phone
800-668-7327
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
February 03, 2011
BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.