This summary was created by AI, based on 1 opinions in the last 12 months.
The BMO Dow Jones Industrial Average Hedge ETF (ZWA-T) has received mixed reviews from experts, with one expert highlighting it as their least favorite BMO ETF. They criticize the ETF's method of providing exposure to US equities, particularly because it follows the Dow Jones Industrial Average, which is price-weighted. This means companies with higher stock prices have a greater influence on the index's performance, which can be viewed as a disadvantage. The expert recommends considering ETFs that track the S&P 500 or those offering equal-weighted exposure to the US market instead. This insight suggests a preference for a more balanced approach to equity investment as opposed to the skewed nature of the DJIA-based ETF.
Based on the DOW, as opposed to the S&P. Nothing wrong with it at all. Likes it, as well as ZWH.
Likes it. A little more restricted than the ZWH, and the yield is about 1.5% lower than that one. Might be better for growth instead of income.
(A Top Pick May 18/18, Up 5%) Covered call adds yield when the market goes sideways, as it usually does in the summer. You don’t have to time the market, you just participate and take down portfolio risk.
Extra 2% return on the Dow. A way to mitigate volatility. Play on the broad market in a good economy.
(Top Pick Jun 28/17, Up 0.73%) The Dow has been the place to be. It has been a great hold. He likes the covered call aspect for the summer. You can collect the extra yield in that time.
Increasing US exposure in the TSX ETF? There are a couple he would look at. BMO Dow Jones Indus. Avg. Hedge (ZWA-T), which is a covered call on the Dow stocks, as well as BMO US High Dividend Covered Call (ZWH-T) which is based on the higher dividend paying S&P. He likes both of these. They are more expensive because they are Covered Calls, but is quite impressed with the value added. He has a lot of these.
He likes covered call strategies during the summer. If we are expecting a flat to negative print on the broad market tape, then really you want to be in some of these covered call names. In a higher trending market, you are going to be called away from these positions, which is detrimental to the price of these covered call ETFS. In a flat to negative trending market, you are benefiting from the covered call overlay, which is 2% above the benchmark yield of about 2.7%.
DOW mature blue chip companies with a covered call overlay. ZPW-T or a hedged version, which is even better, would be better going forward.
ZWH-T vs. ZWA-T. ZWH-T is high dividend exposure split across all economic sectors, but you have exposure to the US$. ZWA-T is narrower and has a currency hedge. For new money he would not put it into these as he is raising cash as he thinks another pullback is coming.
Dow with a covered call overlay and a currency hedge. He prefers this to a basket of blue chips in the US. ZUD-T is top dividend payers in the US with a currency hedge.
BMO Dow Jones Indus. Avg. Hedge ETF is a Canadian stock, trading under the symbol ZWA-T on the Toronto Stock Exchange (ZWA-CT). It is usually referred to as TSX:ZWA or ZWA-T
In the last year, 1 stock analyst published opinions about ZWA-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Dow Jones Indus. Avg. Hedge ETF.
BMO Dow Jones Indus. Avg. Hedge ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO Dow Jones Indus. Avg. Hedge ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered BMO Dow Jones Indus. Avg. Hedge ETF In the last year. It is a trending stock that is worth watching.
On 2025-03-14, BMO Dow Jones Indus. Avg. Hedge ETF (ZWA-T) stock closed at a price of $25.37.
His least favourite BMO ETF, terrible way to get exposure to US equities. Not because it's BMO or because of the structure, but because it's the Dow. DJIA is weighted by the size of a company's stock, so higher prices get more weight than lower. Terrible index.
He'd much prefer an ETF that's in the S&P 500 or an equal-weight US market exposure.