Richard CroftBMO US Hi Div Cov Call Hdgd to CAD ETFZWS.TODON'T BUYJul 03, 2019

Dividend-paying stocks tend to do well over long time horizons, and this adds the covered call. Good one if you're still nervous about the markets here. Distribution comes from dividends and covered calls. Not a tax-preferred dividend, but taps into the vast breadth of the US market. MER is 0.71%. 

Note that as a Canadian, you receive the worst tax treatment. Consder which account you will hold this in. He loves the idea of foreign stock with a covered call overlay. He likes ZWS. 

BMO has the biggest suite of covered call strategies around the world. For US high-dividend covered-call strategies, ZWS or ZWH are really good (one hedged, one not).

Contains many good companies including utilities and consumer staples. Just collect the dividend, though you don't need the covered call portion on this. Look for a BMO ETF that's unhedged without the covered call aspect, instead.