BMO Covered Call US Banks ETF (ZWK.TO) TSX
27.39
+0.56(+2.09%)
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
27.39
+0.56(+2.09%)
Currency In CAD
Address
100 King St. West, 43rd Floor
Toronto, ON M5X 1A1
Canada
Phone
1-800-361-1392
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
February 15, 2019
BMO Covered Call U.S. Banks ETF has been designed to provide exposure to a portfolio of U.S. banks while earning call option premiums. The Fund invests in securities of U.S. banks in addition to writing 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 some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.