BMO Europe High Dividend Covered Call ETF (ZWP.TO)

The BMO Europe High Dividend Covered Call ETF (ZWP) is regarded positively by experts, who appreciate its dividend yield and the potential for currency diversification. It is noted that investors can choose between ZWP and its hedged counterpart, ZWE, depending on their outlook for the Canadian dollar relative to the euro. While ZWP does not hedge currency risk and appeals to those who prefer equity exposure unhedged, ZWE offers a hedged option that's considered more suitable for retirement due to its stability. Both ETFs hold similar underlying securities, leading to the recommendation of holding a mix of both for balanced exposure, particularly for income-focused investors. Ultimately, the choice hinges on one's market beliefs and risk tolerance, particularly regarding currency fluctuations.