David Cockfield BMO International Dividend Hedged to CAD ETF ZDH-T COMMENT Jan 31, 2020

Hedged international dividend ETF. Not all ETFs take off in the market place so this one does not have a lot of assets at present. When investing internationally, the most important factor in returns is currency. He thinks it will take off.

Comment on an ETF Basket of ZWE-T, ZDH-T and ZWH-T. ZWE-T is high dividend Euro stocks with a covered call. A defensive way to play Europe. ZDH-T is hedged. ZWH-T is international High Dividend US, non-hedged. He likes them all and owns them in his funds.

He advocates ZWE-T because it has the covered call strategy. Either one is good late cycle to play dividend payers. But you are not immune to the cycle. It would not be a bad holding.

He prefers ZDI-T at this point, but you are at the high end of the range so he is not that excited about adding new money at this time. He prefers ZWP-T or ZWE-T for a covered call at the moment.

Still holds ZWP. Would rotate with ZDH, which is an international dividend play. If you are really bullish, you want the dividend pure exposure. If not, play the covered call version. Right now, he holds both. More excited about Europe's valuation than US markets. Increasing exposure to international markets.