BMO Europe High Dividend Covered Call Hedged to CAD ET

ZWE-T

He continues to love this as the best way to play Europe. If you are playing BREXIT this is not the ideal way to play it. You want EWUS for that. ZWP-T is not his preferred way to play Europe.

He likes Europe a lot, dominated by stable companies like Nestle, HSBC and big pharma. Euro dividends are often much higher than here. He's not a fan of covered calls, but this is okay, but don't expect much growth from this ETF.

Great high dividend companies in Europe. He has been swapping ZWE-T into ZWP-T to get exposure to the Euro. He thinks the distribution is done after the withholding tax is deducted. Consult a tax advisor. He loves ZWE-T.

ZWU or ZWE Both are good defensive strategies. ZWE: He's not that bullish on Europe, but at least you get income from writing the covered calls here. ZWU: Utilities are much less volatile and more stable, yet expose you to Europe. If you belive in Europe and playing defence, then both ETFs are fine. These two ETFs are highly correlated, rising and falling together. Note that utilities are risk-off, not for you if you have long-term bullish.

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.