BMO Europe High Dividend Covered Call Hedged to CAD ET (ZWE-T) Stock Predictions - Stockchase
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BMO Europe High Dividend Covered Call Hedged to CAD ET (ZWE-T)

ON STOCKCHASE SINCE Sep 2015

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BMO Europe High Dividend ...

ZWE-T

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BMO Europe High Dividend Covered Call Hedged to CAD ET (ZWE-T) SAVE Apr, 19, 2019, 7:21 am

20.73 0.11 (0.53%)

What the experts are saying about ZWE-T



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PAST TOP PICK
(A Top Pick Feb 09/18, Up 5%) Sold off most of its position, because of Europe. Riots in Paris. Italy is bordering on its debt problems.
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(A Top Pick Feb 09/18, Up 5%) Sold off most of its position, because of Europe. Riots in Paris. Italy is bordering on its debt problems.
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John Hood

President , J. C Hood Investment...

Price Price
$20.200
Owned Owned
Yes

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.
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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.
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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$19.950
Owned Owned
Unknown

BUY

Is it good for income? - Some of the most famous consumer brand names. Dividend is quite high and safe. All these big companies are selling to emerging markets more than Europe. That is why he likes it.

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Is it good for income? - Some of the most famous consumer brand names. Dividend is quite high and safe. All these big companies are selling to emerging markets more than Europe. That is why he likes it.

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Terry Shaunessy

President , Shaunessy Investment...

Price Price
$19.630
Owned Owned
Unknown

DON'T BUY
This shorts volatility in the markets--and a portfolio drag in the long-term. You'll underperform in a strengethening market. He's not a fan of covered writing. 6.7% yield.
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This shorts volatility in the markets--and a portfolio drag in the long-term. You'll underperform in a strengethening market. He's not a fan of covered writing. 6.7% yield.
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$19.380
Owned Owned
Unknown

DON'T BUY
This was a great holding, paying 7% yields, when the market was going well. He sold his holding because he did not see good things for Europe markets.
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This was a great holding, paying 7% yields, when the market was going well. He sold his holding because he did not see good things for Europe markets.
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John Hood

President , J. C Hood Investment...

Price Price
$18.460
Owned Owned
No

HOLD
You need geographic diversification in a portfolio, but ZWE and Europe are in a tough space, so hold. Also, this is a covered call and hedged to the Canadian dollar. It depends on how large your position of ZWE is in your portfolio. Europe has problems short-term with the ECB with a $5.3 trillion balance sheet and are exiting quantitative easing. There are some real issues there. He wouldn't bet on Europe.
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You need geographic diversification in a portfolio, but ZWE and Europe are in a tough space, so hold. Also, this is a covered call and hedged to the Canadian dollar. It depends on how large your position of ZWE is in your portfolio. Europe has problems short-term with the ECB with a $5.3 trillion balance sheet and are exiting quantitative easing. There are some real issues there. He wouldn't bet on Europe.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$18.770
Owned Owned
Unknown

PARTIAL SELL
It is the best way to play Europe if you need yield. The market should stabilize and bounce into the first quarter, but the bear market is well underway. You should diversify part into the US and into utilities.
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It is the best way to play Europe if you need yield. The market should stabilize and bounce into the first quarter, but the bear market is well underway. You should diversify part into the US and into utilities.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$18.700
Owned Owned
Unknown

DON'T BUY
Buying a basket of European stocks. Europe is not a space he likes. 1.5% annualized growth for the next couple of years. He prefers a similar covered call strategy but with US based companies.
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Buying a basket of European stocks. Europe is not a space he likes. 1.5% annualized growth for the next couple of years. He prefers a similar covered call strategy but with US based companies.
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Stan Wong

Director &, Private Wealth Manag...

Price Price
$19.050
Owned Owned
No

WEAK BUY
He'd play Europe this way. Pays a good 6% dividend. But Europe is such a morass with Brexit and ultra-nationalism in other places. He can't get excited about Europe.
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He'd play Europe this way. Pays a good 6% dividend. But Europe is such a morass with Brexit and ultra-nationalism in other places. He can't get excited about Europe.
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John Hood

President , J. C Hood Investment...

Price Price
$19.500
Owned Owned
Unknown

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
$20.130
Owned Owned
Unknown

BUY

[Are the dividends safe?]  BMO in their screen looks at the leverage ratio of the companies to see if they will be stressed in terms of paying their dividends.  It is still a good holding.

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[Are the dividends safe?]  BMO in their screen looks at the leverage ratio of the companies to see if they will be stressed in terms of paying their dividends.  It is still a good holding.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$20.130
Owned Owned
Unknown

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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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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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$20.010
Owned Owned
Unknown

BUY

Likes this. He'd buy this if he were playing Europe. But diversify with, say, ZWU, which does covered call for utilities and has expanded beyond Canadian utilities into the U.S. Also look at ZWA and ZWH for further diversification. He likes all these covered calls. The fees are high, but he has seen first-hand the added value these products give.

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Likes this. He'd buy this if he were playing Europe. But diversify with, say, ZWU, which does covered call for utilities and has expanded beyond Canadian utilities into the U.S. Also look at ZWA and ZWH for further diversification. He likes all these covered calls. The fees are high, but he has seen first-hand the added value these products give.

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John Hood

President , J. C Hood Investment...

Price Price
$20.130
Owned Owned
Unknown

COMMENT

The consensus is very negative on Europe. It would tend to overweight the classical defensive sectors and on top of that they are selling calls. If you are betting on the recovery of Europe, you wouldn’t want to use this. He prefers a purer play on Europe.

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The consensus is very negative on Europe. It would tend to overweight the classical defensive sectors and on top of that they are selling calls. If you are betting on the recovery of Europe, you wouldn’t want to use this. He prefers a purer play on Europe.

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Tyler Mordy

President , Forstrong Global Ass...

Price Price
$20.820
Owned Owned
No

BUY

BMO finds the best European dividend payers spread across many countries and sectors, then write a covered call overlay. It pays a dividend over 6% and has kept it very well with markets. It's his favourite way to play Europe.

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BMO finds the best European dividend payers spread across many countries and sectors, then write a covered call overlay. It pays a dividend over 6% and has kept it very well with markets. It's his favourite way to play Europe.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$21.230
Owned Owned
Unknown

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