Viewing Company BMO Europe High Dividend Covered Call Hedged to CAD ET | StockChase
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BMO Europe High Dividend Covered Call Hedged to CAD ET Stock Symbol: ZWE-T

Last Price Recorded: $21.5400 on 2017-08-18

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Date Signal Expert Opinion Price
2017-07-31 BUY Larry Berman CFA, CMT, CTA

European ETF.  The yield is down because the covered call premiums are low right now due to low volatility.  EUR-T is an alternative.  PRD and RPDH are alternatives also.  Europe is underperforming a little bit because the Euro is getting strong and they are exporting a lot.


Price:
$21.550
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-07-11 BUY John Hood

$40,000 in a TFSA to invest in US and international equities giving protection of the principal amount? When looking at US and International ETF’s, he is not a huge fan of emerging markets. If he were doing it, he would look at VEE-T emerging-market, ZWE on Europe and the XSP on the S&P 500.


Price:
$22.050
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
OPTIMISTIC
Owned:
Unknown
2017-07-10 COMMENT Larry Berman CFA, CMT, CTA

How does Larry make a major buy of an ETF without moving the needle?  You can call up an ETF and have them facilitate a very large order, regardless of the liquidity.  They create the necessary ETF units as part of the transaction.  ETFs have the liquidity of the universe of underlying stocks. 


Price:
$22.010
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-07-05 COMMENT Terry Shaunessy

Continental Europe is an area he likes. He is bullish on the prospects for Germany and France, especially given that the political atmosphere has improved considerably. Rather than playing dividend oriented ETF’s, he tends to play broader ETF’s. When a regional market is recovering, banks tend to be the leader coming out, so he would prefer a European bank index such as iShares MSCI Europe Financial (EUFN-Q) that might be a bit more interesting. You don’t need to pay the big premium for a specialty when you can get into a wider regional area.


Price:
$22.030
Subject:
ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-06-30 TOP PICK John Hood

This is to diversify away a little from the US. BMO is doing the covered call on the largest European stocks and it is hedged, which is the way he wants to be in Europe. Dividend yield of about 6.6%.


Price:
$21.930
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-06-08 COMMENT John DeGoey

With elections in Europe, what would be the outcome on this ETF? If you are a contrarian and you have some ability to withstand the risk of buying on a dip, he doesn’t believe the world is going to end, and he doesn’t think this is going to be a problematic thing for a very long time. If things take a pullback in the next day or 2, it may be an opportunity to get in.


Price:
$22.290
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-05-29 COMMENT Larry Berman CFA, CMT, CTA

[In a non-registered account]  The dividend stream coming off a foreign stream is fully taxed.  In registered accounts you can hold foreign holdings that would otherwise be fully taxed. 


Price:
$22.560
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-05-15 BUY Larry Berman CFA, CMT, CTA

This is the way he is holding Europe in his global dividend strategy. A great way to get a 6%-7% yield out of Europe. The yield has gone down, because the price is gone up significantly over the last year, but it is still a great diversifier away from North American equities.


Price:
$22.630
Subject:
STOCKS & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2017-05-11 TOP PICK John Hood

A play on Europe where he does not have to worry about the Euro or the Pound.


Price:
$22.540
Subject:
OPTIONS & ETFs
Bias:
BULLISH on US MARKET
Owned:
No
2017-05-08 BUY Larry Berman CFA, CMT, CTA

There is always foreign tax withholdings.  You need to focus on the diversification of being in other parts of the world.  The benefits you get from diversification globally override tax considerations.  It has been a pretty clear ride up and is his favourite way to play Europe.


Price:
$22.370
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 COMMENT Larry Berman CFA, CMT, CTA

Europe covered call.  Its biggest weighting is France and it sold off in recent weeks and then today is on new highs.  This is the safeness way to play Europe.


Price:
$22.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-17 COMMENT John DeGoey

BMO Europe High Dividend Covered Call hedged to CAD (ZWE-T) or BMO MSCI Europe High Quality (ZEQ-T)? This one is basically a value screen, or alternatively you can go for a quality that is similar, but not exactly the same through ZEQ. Either way, you are looking at factor investing. He doesn’t find a lot to choose between the 2. Either would do well for you.


Price:
$21.850
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-03 BUY Larry Berman CFA, CMT, CTA

A diversified basket of high dividend covered calls are something he likes.  He would consider adding ZWC-T.  If we go into a 20% bear market then an ETF like these will only fall about 80% of the downside of the market in general.  Also, look at ZWU-T in a recession.


Price:
$21.710
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-29 COMMENT Daniel Straus

Covered calls.  You can miss some upside if stocks run up a lot.  They are valuable when the market becomes volatile.  If you need yield as opposed to price appreciation, then this is good.  6.7% yield.


Price:
$21.600
Subject:
ETF's
Bias:
BULL on GLOBAL GROWTH
Owned:
Unknown
2017-03-27 DON'T BUY Larry Berman CFA, CMT, CTA

It is a broad, European, covered call strategy.  It could easily fall 10-15% minimum.  Don’t put new money to work here now.  Europe overall is pretty cheap, however. 


Price:
$21.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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2 Comments

GerryT1

October 26th 2015 at 7:25pm

Interesting potential opportunity but I wonder:
1 - Are they writing covered calls on a large percentage of the companies in the ETF.
2 - Do they use leverage or not.
3 - Does the monthly distribution include a large percent of "Return Of Capital"

Hans Albrecht

August 26th 2016 at 4:19pm

Horizons Enhanced Income International Equity covered call ETF (HEJ) to July 31 is up 5.2% versus 0.70% for ZWE, with volatility of 15.9% versus 17.8% for ZWE. And with a better div yield of 8.3% versus 6.6%. But it is more 'worldy' than just Europe, with exposure to S.America and Asia as well as Europe.
Full disclosure: I work for Horizons


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