TSE:ZWP

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

20.42
-0.43 (2.06%)
as of Jun 5, 2026, 7:59:59 pm Market Open.
66 watching
0
Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

The BMO Europe High Dividend Covered Call ETF (ZWP-T) receives positive reviews from various experts who highlight its attractive dividend yield and covered call strategy. ZWP is favored for its exposure to high dividend payers in Europe without currency hedging, providing an additional layer of diversification for Canadian investors, especially in a weakening economic environment. In contrast, ZWE offers similar securities but is currency hedged, making it more suitable for retirees or those concerned about currency exposure. Experts suggest a balanced approach, possibly combining both ZWP and ZWE depending on one's view of the CAD against the euro. Overall, both funds are praised for their potential income generation, with ZWP noted for higher yield and ZWE for its safer hedged position.

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Consensus
Positive
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Valuation
Fair Value
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ZDI
BUY
ZWE-T vs. ZWP-T He sold most of his ZWE-T to purchase ZWP-T, which is the same thing except he gets more exposure to the British pound and Euro. He prefers that exposure as we get close to the end of BREXIT. He is vastly underweight Europe generally.
COMMENT
ZWE vs. ZWP Both are similar, the difference being the CAD currency hedge in ZWE. Also keep in mind that there's a covered call overlay on these ETFs. IF you need a lot of yield, certainly both are valid. He thinks the CAD-Euro will be neutral for a while. Perhaps buy a mix of the two.
BUY

ZWE-T or ZWP-T. European market. Covered calls. You get less upside participation but get a higher yield. ZWE-T is currency hedged and ZWP-T is not.

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