Opinions
Larry Berman CFA, CMT, CTA
Evolve Canadian Banks and Lifecos Yield Index Fund
BANK-T
WEAK BUY
Apr 14, 2025
$7.325
Stock price when the opinion was issued
E.T.F.'s
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BANK includes an option overlay to enhance the yield. CEW is equal weight. Compare the two to determine what you're looking for. BANK is probably the safer choice at this point. But if markets go down rapidly, there's no protection anywhere.
If you want more income, and you're cautious on the market, then BANK will probably do better than CEW. If you're defensive to neutral on the outlook, then a covered call overlay will add value to your portfolio. Though there will be less total return in the long run.
If you're bullish on the underlying equities, then just buy them at either equal weight or market-cap weight. In that case, the CEW would do better.