Larry Berman CFA, CMT, CTA BMO US Hi Div Cov Call Hdgd to CAD ETF ZWS-T BUY Nov 04, 2024

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.

Do you recommend ZWS as a hedged covered call or prefer something else, and would you hold it at the only US equity in a portfolio? To answer the latter, no. And he prefers SPY-N as your core holding; it pays you yield and cash flow, becuase it holds high-dividend stocks and sells covered calls against them. Also, US dividends are taxed in Canada and don't benefit from the dividend tax credit.