TSE:ZWE
18.27
0.09
(0.50%)
BMO Europe High Dividend Covered Call Hedged to CAD ET
ZWE-T
Analysis and Opinions about ZWE-T
Signal
Opinion
Expert
COMMENT
COMMENT
December 21, 2020
The difference between ZWE and ZWP is the currency hedge. If you think the CAD will do worse than European currencies, then you want a ZWP. If you think the CAD will strengthen against these currencies, get ZWE. He recently swapped into ZWP since he wants foreign currency exposure.
HOLD
HOLD
December 14, 2020
This is the best way for high dividend seekers to get exposure outside of North America. During covid, we saw high dividend payers sell off more than others. As the economy rebalances, the stock should do well. He boosted exposure to this sector.
Show full opinionHide full opinionThis is the best way for high dividend seekers to get exposure outside of North America. During covid, we saw high dividend payers sell off more than others. As the economy rebalances, the stock should do well. He boosted exposure to this sector.
BUY
BUY
December 14, 2020
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good fund for those looking for European exposure. There, the valuation is cheaper than in North America. A bet on a global growth recovery. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good fund for those looking for European exposure. There, the valuation is cheaper than in North America. A bet on a global growth recovery. Unlock Premium - Try 5i Free
COMMENT
COMMENT
November 16, 2020
He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.
He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.
HOLD
HOLD
November 9, 2020
It has a very strong yield, partly capital gains. Today things have changed. Covered calls are very good in a flat to slightly rising environment. Covered calls impair the upside of the underlying securities. If you are expecting a rally, like today, you may want to reconsider, although you get a very nice yield here. He prefers the hedged versions of ETFs right now.
Show full opinionHide full opinionIt has a very strong yield, partly capital gains. Today things have changed. Covered calls are very good in a flat to slightly rising environment. Covered calls impair the upside of the underlying securities. If you are expecting a rally, like today, you may want to reconsider, although you get a very nice yield here. He prefers the hedged versions of ETFs right now.
PARTIAL BUY
PARTIAL BUY
November 3, 2020
Pays an 8.25% dividend. It writes calls and has a currency hedge on the CAD-Euro exchange rate. It can do well in coming years. We're in a cyclical bounce, coming from the ashes of Covid. But there are other BMO ETFs that aren't hedged without covered calls, and are more cyclically oriented. But if you want income, this ETF will do well in coming years.
Show full opinionHide full opinionPays an 8.25% dividend. It writes calls and has a currency hedge on the CAD-Euro exchange rate. It can do well in coming years. We're in a cyclical bounce, coming from the ashes of Covid. But there are other BMO ETFs that aren't hedged without covered calls, and are more cyclically oriented. But if you want income, this ETF will do well in coming years.
BUY
BUY
November 2, 2020
In general, the dividend is stable in the current situation. Because volatility is increasing, the covered call is increasing yield. It is one of his favourite ways to play international dividends. ZWP would be for the short term when you want exposure to the currency.
In general, the dividend is stable in the current situation. Because volatility is increasing, the covered call is increasing yield. It is one of his favourite ways to play international dividends. ZWP would be for the short term when you want exposure to the currency.
COMMENT
COMMENT
October 26, 2020
A play on high dividend players with a covered call in Europe. ZWP has exposure to the Euro while ZWE does not. One of the holding is SWP, which is the German stock that took a beating today. Dips are good to buy and for now, he prefers ZWP for the foreign currency exposure.
DON'T BUY
DON'T BUY
October 21, 2020
If Europe comes out of the pandemic faster than the rest of the world, it will do well. But Europe is a value play, so not his favourite space. You give up growth on the covered call. Yield around 8%.
Show full opinionHide full opinionIf Europe comes out of the pandemic faster than the rest of the world, it will do well. But Europe is a value play, so not his favourite space. You give up growth on the covered call. Yield around 8%.
BUY
BUY
July 24, 2020
Great dividend payers, focused in UK, Germany and Switzerland. ZWE has an additional forward contract that hedges the canadian dollar to the pound, euro and swiss franc. He prefers ZWE for the currency hedge.
COMMENT
COMMENT
July 10, 2020
International dividend growth ETF. He uses CYH as a benchmark. It is a global dividend index using the Dow-Jones methodology that is currency hedged. In the US, there is NOBL for dividend growth companies. Globally, he would look at ZWE for yield enhancement.
WEAK BUY
WEAK BUY
June 1, 2020
ZWE-T vs. ZWH-T. With covered calls, when you are in a slightly up or down or sideways market, the call brings in a premium and dampens the volatility. But when it is in a very strong uptrend, the covered write lops off the top of the uptrend. The upside is capped. In a sharp declined followed by a snap-back rally, the same thing applies. You should have both for covered write portfolios to increase diversification if you are going to have them.
Show full opinionHide full opinionZWE-T vs. ZWH-T. With covered calls, when you are in a slightly up or down or sideways market, the call brings in a premium and dampens the volatility. But when it is in a very strong uptrend, the covered write lops off the top of the uptrend. The upside is capped. In a sharp declined followed by a snap-back rally, the same thing applies. You should have both for covered write portfolios to increase diversification if you are going to have them.
COMMENT
COMMENT
March 25, 2020
Hold? The underlying exposure is 22% financial services, 9% materials 3% real estate and industrials are 13%. This is pretty pro-cycle in its holdings. Right now you want to be owning more utilities and consumer defensive names. Be careful if there is another leg down. Wait until there this confirmation in a market recovery before buying more.
Show full opinionHide full opinionHold? The underlying exposure is 22% financial services, 9% materials 3% real estate and industrials are 13%. This is pretty pro-cycle in its holdings. Right now you want to be owning more utilities and consumer defensive names. Be careful if there is another leg down. Wait until there this confirmation in a market recovery before buying more.
BUY WEAKNESS
BUY WEAKNESS
March 2, 2020
Some of the best dividend payers in Europe with a covered call overlay. The market bottom is not in so wait to put in new money. This is not a bad level. He has not added to European dividend exposure yet.
Show full opinionHide full opinionSome of the best dividend payers in Europe with a covered call overlay. The market bottom is not in so wait to put in new money. This is not a bad level. He has not added to European dividend exposure yet.
COMMENT
COMMENT
January 22, 2020
ZWP vs ZWE? Both of these give virtually the same exposure into European dividend payers with a covered call writing strategy overlayed. The SWE is currency hedged to the CAD dollar. You would want the currency hedged product if you think the foreign currency was going to weaken compared to the CAD. Today, with the Bank of Canada holding rates steady in Canada, he believes traders will see weakness for the CAD and so you may want to be un-hedged on the currency side (i.e. hold ZWP instead). He cautions that a covered call will pay a higher dividend (as it collects premiums by selling call options), but it tends to limit the upside. Yield 7%
Show full opinionHide full opinionZWP vs ZWE? Both of these give virtually the same exposure into European dividend payers with a covered call writing strategy overlayed. The SWE is currency hedged to the CAD dollar. You would want the currency hedged product if you think the foreign currency was going to weaken compared to the CAD. Today, with the Bank of Canada holding rates steady in Canada, he believes traders will see weakness for the CAD and so you may want to be un-hedged on the currency side (i.e. hold ZWP instead). He cautions that a covered call will pay a higher dividend (as it collects premiums by selling call options), but it tends to limit the upside. Yield 7%
BMO Europe High Dividend Covered Call Hedged to CAD ET(ZWE-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 9
BMO Europe High Dividend Covered Call Hedged to CAD ET(ZWE-T) Frequently Asked Questions
What is BMO Europe High Dividend Covered Call Hedged to CAD ET stock symbol?
BMO Europe High Dividend Covered Call Hedged to CAD ET is a Canadian stock, trading under the symbol ZWE-T on the Toronto Stock Exchange (ZWE-CT). It is usually referred to as TSX:ZWE or ZWE-T
Is BMO Europe High Dividend Covered Call Hedged to CAD ET a buy or a sell?
In the last year, 9 stock analysts published opinions about ZWE-T. 6 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 Europe High Dividend Covered Call Hedged to CAD ET.
Is BMO Europe High Dividend Covered Call Hedged to CAD ET a good investment or a top pick?
BMO Europe High Dividend Covered Call Hedged to CAD ET was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-12-21. Read the latest stock experts ratings for BMO Europe High Dividend Covered Call Hedged to CAD ET.
Why is BMO Europe High Dividend Covered Call Hedged to CAD ET stock dropping?
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.
Is BMO Europe High Dividend Covered Call Hedged to CAD ET worth watching?
9 stock analysts on Stockchase covered BMO Europe High Dividend Covered Call Hedged to CAD ET In the last year. It is a trending stock that is worth watching.
What is BMO Europe High Dividend Covered Call Hedged to CAD ET stock price?
On 2021-01-22, BMO Europe High Dividend Covered Call Hedged to CAD ET (ZWE-T) stock closed at a price of $18.27.
