BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE.TO) TSX
20.67
-0.155(-0.74%)
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
20.67
-0.155(-0.74%)
Currency In CAD
Address
Canada
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
September 11, 2015
BMO Europe High Dividend Covered Call Hedged to CAD ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund utilizes a rules-based methodology that considers dividend growth rate, yield, payout ratio and liquidity. The Fund also dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's available premium. The option premium provides limited downside protection. The foreign currency exposure is hedged back to the Canadian dollar. In addition, as ZWE is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.