BMO Europe High Dividend Covered Call Hedged to CAD ET
ZWE-T
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DON'T BUY
DON'T BUY
September 17, 2019
Europe is in recession already with many countries there in negative interest rates. ZWE is an excellent product, but now is not a good time to get into Europe. He's not talking only about Brexit, but all of Europe. At least the covered call makes you some money as Europe will go sideways, as he predicts.
Europe is in recession already with many countries there in negative interest rates. ZWE is an excellent product, but now is not a good time to get into Europe. He's not talking only about Brexit, but all of Europe. At least the covered call makes you some money as Europe will go sideways, as he predicts.
E.T.F.'s
WATCH
WATCH
September 9, 2019
E.T.F.'s
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$20.270
Unknown
BUY
BUY
September 9, 2019
Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.
Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.
E.T.F.'s
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$20.270
Unknown
DON'T BUY
DON'T BUY
July 12, 2019
He's backed away from European investments because of the threat of a trade war there. Inclined to focus on Canadian utilities or ZWU for the US.
He's backed away from European investments because of the threat of a trade war there. Inclined to focus on Canadian utilities or ZWU for the US.
E.T.F.'s
BUY
BUY
June 10, 2019
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.
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.
E.T.F.'s
HOLD
HOLD
June 5, 2019
It yields around 7%. This requires a call on Europe. It has been recovering reasonably well since the new year. Germany has rebounded well, but there are some auto tariff uncertainties. Technically, it has been showing some support. As long as a recession is not forthcoming, it could be a good yield play.
It yields around 7%. This requires a call on Europe. It has been recovering reasonably well since the new year. Germany has rebounded well, but there are some auto tariff uncertainties. Technically, it has been showing some support. As long as a recession is not forthcoming, it could be a good yield play.
E.T.F.'s
BUY
BUY
May 13, 2019
He likes it. It over-weights the high dividend players. What is going on in Europe is astronomical right now.
He likes it. It over-weights the high dividend players. What is going on in Europe is astronomical right now.
E.T.F.'s
SELL
SELL
May 6, 2019
ZWE-T vs. ZWP-T. He sold most of his ZWE-T to purchase ZWP-T, which is the same thing except he gets more exposure to the British pound and Euro. He prefers that exposure as we get close to the end of BREXIT. He is vastly underweight Europe generally.
ZWE-T vs. ZWP-T. He sold most of his ZWE-T to purchase ZWP-T, which is the same thing except he gets more exposure to the British pound and Euro. He prefers that exposure as we get close to the end of BREXIT. He is vastly underweight Europe generally.
E.T.F.'s
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$20.520
Yes
PAST TOP PICK
PAST TOP PICK
April 2, 2019
(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.
(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.
E.T.F.'s
COMMENT
COMMENT
March 12, 2019
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.
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.
E.T.F.'s
BUY
BUY
February 7, 2019
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.
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.
E.T.F.'s
DON'T BUY
DON'T BUY
January 29, 2019
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.
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.
E.T.F.'s
DON'T BUY
DON'T BUY
January 2, 2019
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.
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.
E.T.F.'s
HOLD
HOLD
December 17, 2018
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.
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.
E.T.F.'s
PARTIAL SELL
PARTIAL SELL
December 10, 2018
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.
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.
E.T.F.'s
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$18.700
Unknown
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