BMO Europe High Dividend Covered Call ETF

ZWP-T

Analysis and Opinions about ZWP-T

Signal
Opinion
Expert
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.

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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
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%
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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%
WATCH
WATCH
January 13, 2020

Exposure to the best dividend paying stocks in Europe with a covered call overlay. He hands down prefers these strategies and moves back and forth between currency hedge (ZWE-T) and not (ZWP-T). He has not bought any new exposure in these for the last year because of the market risk.

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Exposure to the best dividend paying stocks in Europe with a covered call overlay. He hands down prefers these strategies and moves back and forth between currency hedge (ZWE-T) and not (ZWP-T). He has not bought any new exposure in these for the last year because of the market risk.

DON'T BUY
DON'T BUY
November 11, 2019
Outlook on Europe? His outlook on Europe is bearish though he believes in broad, global diversification. A covered call is good, because you receive the income from at least the call option. So, you receive a more stable upside and less likely downside. ZWP is a good way to play Europe, but he wouldn't go out of his way to play Europe now.
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Outlook on Europe? His outlook on Europe is bearish though he believes in broad, global diversification. A covered call is good, because you receive the income from at least the call option. So, you receive a more stable upside and less likely downside. ZWP is a good way to play Europe, but he wouldn't go out of his way to play Europe now.
BUY
BUY
November 4, 2019
Don't put new money to work in equities. If you are doing it in Europe this is his favourite way to do it so you get the yield.
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Don't put new money to work in equities. If you are doing it in Europe this is his favourite way to do it so you get the yield.
PARTIAL BUY
PARTIAL BUY
October 29, 2019
ZWE vs. ZWP One is hedged and the other is not. So, the solution is to buy each, 50/50. Check his top picks today, too.
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ZWE vs. ZWP One is hedged and the other is not. So, the solution is to buy each, 50/50. Check his top picks today, too.
DON'T BUY
DON'T BUY
October 21, 2019
There is price erosion. He is no longer buying or adding to this position.
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There is price erosion. He is no longer buying or adding to this position.
COMMENT
COMMENT
September 5, 2019
ZWP-T vs. EDGF-T. We have high yielding stocks that generally have lower volatility and so have lower option premiums. The covered writing does not add much value.
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ZWP-T vs. EDGF-T. We have high yielding stocks that generally have lower volatility and so have lower option premiums. The covered writing does not add much value.
BUY
BUY
August 21, 2019
Most BMO covered call ETFs write options against half the positions. It's a yield pick-up plus the dividend. You get covered call options written against European stocks. If you believe the worst is over in Europe (which is debatable), this isn't a bad way to play Europe at all.
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Most BMO covered call ETFs write options against half the positions. It's a yield pick-up plus the dividend. You get covered call options written against European stocks. If you believe the worst is over in Europe (which is debatable), this isn't a bad way to play Europe at all.
BUY
BUY
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.
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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.
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.
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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.
BUY
BUY
October 18, 2018

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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BMO Europe High Dividend Covered Call ETF(ZWP-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 5

Stockchase rating for BMO Europe High Dividend Covered Call ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO Europe High Dividend Covered Call ETF(ZWP-T) Frequently Asked Questions

What is BMO Europe High Dividend Covered Call ETF stock symbol?

BMO Europe High Dividend Covered Call ETF is a Canadian stock, trading under the symbol ZWP-T on the Toronto Stock Exchange (ZWP-CT). It is usually referred to as TSX:ZWP or ZWP-T

Is BMO Europe High Dividend Covered Call ETF a buy or a sell?

In the last year, 5 stock analysts published opinions about ZWP-T. 3 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for BMO Europe High Dividend Covered Call ETF.

Is BMO Europe High Dividend Covered Call ETF a good investment or a top pick?

BMO Europe High Dividend Covered Call ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO Europe High Dividend Covered Call ETF.

Why is BMO Europe High Dividend Covered Call ETF 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 ETF worth watching?

5 stock analysts on Stockchase covered BMO Europe High Dividend Covered Call ETF In the last year. It is a trending stock that is worth watching.

What is BMO Europe High Dividend Covered Call ETF stock price?

On 2020-09-18, BMO Europe High Dividend Covered Call ETF (ZWP-T) stock closed at a price of $16.55.