BMO Covered Call Cdn Banks ETF (ZWB-T) Stock Predictions - Stockchase
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167
BMO Covered Call Cdn Banks ETF (ZWB-T)

ON STOCKCHASE SINCE Feb 2011

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BMO Covered Call Cdn Bank...

ZWB-T

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BMO Covered Call Cdn Banks ETF (ZWB-T) SAVE Jan, 21, 2019, 10:57 pm

18.29 0.04 (0.22%)

What the experts are saying about ZWB-T



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BUY on WEAKNESS
He's bullish the Canadian banks, which hold on during the correction until the tail end when they caught in the overall sell-off. The problem with the covered-call is they underperform the banks themselves. He hasn't bought this and recommends the straight bank ETF, which has outperformed ZWB. But if you think the banks will fall or go sideways, then buy ZWB.
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He's bullish the Canadian banks, which hold on during the correction until the tail end when they caught in the overall sell-off. The problem with the covered-call is they underperform the banks themselves. He hasn't bought this and recommends the straight bank ETF, which has outperformed ZWB. But if you think the banks will fall or go sideways, then buy ZWB.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$17.770
Owned Owned
Unknown

WATCH
This is always a core holding for him and it provides a 5.25% yield. He is concerned in this market right now and he may not own this soon. He is afraid of giving away the upside if the market rallies. He might prefer to own the banks stocks outright -- without selling covered calls.
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This is always a core holding for him and it provides a 5.25% yield. He is concerned in this market right now and he may not own this soon. He is afraid of giving away the upside if the market rallies. He might prefer to own the banks stocks outright -- without selling covered calls.
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John Hood

President , J. C Hood Investment...

Price Price
$17.150
Owned Owned
Yes

HOLD
A BMO covered call ETF on Canadian banks. It is not a trading vehicle. The purpose of a covered call ETF is to harvest the premiums. This has gone down by less than an ETF just focused on banks with no covered calls. This is a longer term vehicle. Get it if you expect banks to be range bound or go up a little, but if they were going to rocket up you would not want the covered calls.
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A BMO covered call ETF on Canadian banks. It is not a trading vehicle. The purpose of a covered call ETF is to harvest the premiums. This has gone down by less than an ETF just focused on banks with no covered calls. This is a longer term vehicle. Get it if you expect banks to be range bound or go up a little, but if they were going to rocket up you would not want the covered calls.
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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$16.640
Owned Owned
Unknown

BUY
Buy bank stocks as bond proxies? He likes Canadian banks, especially with covered calls like ZWB. Pricey at 75 basis points, but he has directly seen the value that BMO provides to this ETF. This isn't a bond substitute, but he's rather be paid 4% (dividend) after some dopey high-yield fund or ETF. But he wouldn't hold more than a 10% weighting in Canadian banks.
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Buy bank stocks as bond proxies? He likes Canadian banks, especially with covered calls like ZWB. Pricey at 75 basis points, but he has directly seen the value that BMO provides to this ETF. This isn't a bond substitute, but he's rather be paid 4% (dividend) after some dopey high-yield fund or ETF. But he wouldn't hold more than a 10% weighting in Canadian banks.
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John Hood

President , J. C Hood Investment...

Price Price
$18.070
Owned Owned
Unknown

DON'T BUY
ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.
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ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$18.260
Owned Owned
No

COMMENT

ZWE-T vs. ZWU-T vs. ZWB-T.  A 100% stake in anything is generally a bad idea.  These three give you 2/3rds of your portfolio seeking dividends in Canada.  He would add ZPW-T for US put writes.  ZWH-T would give you a broader exposure.  He would underweight Canada.

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ZWE-T vs. ZWU-T vs. ZWB-T.  A 100% stake in anything is generally a bad idea.  These three give you 2/3rds of your portfolio seeking dividends in Canada.  He would add ZPW-T for US put writes.  ZWH-T would give you a broader exposure.  He would underweight Canada.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$18.640
Owned Owned
Unknown

HOLD

ZWB-T vs. ZWU-T.  ZWU-T is high dividend covered call, 70% US.  It is very interest rate sensitive.  ZWB-T is banks and so when interest rates are rising they tend to do better.  They are counter balanced so putting money into both is a good pairing, generally.  He owns no Canadian banks because he thinks they are expensive right now, however.

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ZWB-T vs. ZWU-T.  ZWU-T is high dividend covered call, 70% US.  It is very interest rate sensitive.  ZWB-T is banks and so when interest rates are rising they tend to do better.  They are counter balanced so putting money into both is a good pairing, generally.  He owns no Canadian banks because he thinks they are expensive right now, however.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.650
Owned Owned
No

SELL

ZWU vs. ZWB? Be careful now. If interest rates rise, be sure you’re in the highest credit quality area, and he’s not sure this is the one. Has done incredibly well as interests rate have gone down. The back side is that interest rates start going up you won’t get any downside protection. If it’s in a TFSA, where you don’t have to worry about capital gains, you may want to bring it down a little bit.

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ZWU vs. ZWB? Be careful now. If interest rates rise, be sure you’re in the highest credit quality area, and he’s not sure this is the one. Has done incredibly well as interests rate have gone down. The back side is that interest rates start going up you won’t get any downside protection. If it’s in a TFSA, where you don’t have to worry about capital gains, you may want to bring it down a little bit.

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Terry Shaunessy

President , Shaunessy Investment...

Price Price
$19.930
Owned Owned
Unknown

COMMENT

ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

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ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.720
Owned Owned
Unknown

COMMENT

Covered call trading is best for a flat or slightly down trending market.  If you hold it in a strong up trending market, you are cutting off the top all the time on the rally, but you are still susceptible to large equity draw downs.  

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Covered call trading is best for a flat or slightly down trending market.  If you hold it in a strong up trending market, you are cutting off the top all the time on the rally, but you are still susceptible to large equity draw downs.  

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$19.675
Owned Owned
No

BUY

Own both Canadian banks and ETF like this? He has clients who've owned both, so holding both is okay. You can make income off the covered call. He likes Canadian banks, because they've diversified outside Canada, such as TD and Royal.

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Own both Canadian banks and ETF like this? He has clients who've owned both, so holding both is okay. You can make income off the covered call. He likes Canadian banks, because they've diversified outside Canada, such as TD and Royal.

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John Hood

President , J. C Hood Investment...

Price Price
$19.530
Owned Owned
Yes

BUY

He likes the Canadian Banks now. Recommends buying it together with BMO Covered Call Utilities ETF (ZWU-T) to provide stability to the portfolio. 

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He likes the Canadian Banks now. Recommends buying it together with BMO Covered Call Utilities ETF (ZWU-T) to provide stability to the portfolio. 

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Richard Croft

President, R.N. Croft Financial...

Price Price
$19.480
Owned Owned
No

DON'T BUY

ZWU or ZWB? Add more to both? Utilities and banks, covered call. Wouldn’t add more, and be especially careful with the utilities one in a rising rate environment. Might want to use the Vanguard VXC, world index excluding Canada. Inexpensive, liquid. Encourage people to look outside Canada for growth.

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ZWU or ZWB? Add more to both? Utilities and banks, covered call. Wouldn’t add more, and be especially careful with the utilities one in a rising rate environment. Might want to use the Vanguard VXC, world index excluding Canada. Inexpensive, liquid. Encourage people to look outside Canada for growth.

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Terry Shaunessy

President , Shaunessy Investment...

Price Price
$19.210
Owned Owned
Unknown

BUY

Yes, you can buy and hold this in a TFSA. Its yield is close to the Canadian banks' yield. What is the covered call portion doing for it? 

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Yes, you can buy and hold this in a TFSA. Its yield is close to the Canadian banks' yield. What is the covered call portion doing for it? 

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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$19.170
Owned Owned
Unknown

BUY

What's a covered call, international dividend ETF, hedged to the CAD? Just go with the S&P 500, made up of companies that have a footprint around the world. Consider ZWB-T, a covered call on Canadian banks. A hedge against CAD but has global exposure.

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What's a covered call, international dividend ETF, hedged to the CAD? Just go with the S&P 500, made up of companies that have a footprint around the world. Consider ZWB-T, a covered call on Canadian banks. A hedge against CAD but has global exposure.

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Richard Croft

President, R.N. Croft Financial...

Price Price
$19.000
Owned Owned
Unknown

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