Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts have expressed positive sentiments towards BMO Europe High Dividend Covered Call ETF (ZWP-T), citing its comparative value to US and NA markets, lower PE and book value, and higher dividend as strong points. They also appreciate the exposure it provides to the European market and its ability to offer a diversified portfolio. Overall, it is considered a quality ETF for investors seeking European market exposure.

Consensus
Positive
Valuation
Undervalued
BUY
ZWP vs. ZWE

In general, Europe is good value compared to US or NA markets. Lower PE and book value, higher dividend. Holds underlying securities, and so gives better total return than the similar, but covered call, ZWE.

E.T.F.'s
BUY

Great way to get exposure to Europe.
Europe challenged by growth problems, but quality ETF.
Good way to get diversified portfolio.

E.T.F.'s
BUY
ZWE has a currency hedge. If there is a global downtown and it is meaningful, then you would be concerned. Doesn't think we will see this. It will be a normal 5-10%. When you get the big sell-offs, you don't want to hold covered calls because you don't get the upside capture. Right now, both of these would work. Would fall less than the other names.
E.T.F.'s
COMMENT

Exposure to currency is mostly hedged for ZZZD. ZPAY is always in USD. ZWP is Canada relative to European currencies. The Canadian dollar selling off is a factor, but they are also doing well because they are doing what they are designed to do.

E.T.F.'s
COMMENT

For yield seekers, ZWU is a great domestic play. Yield is currently around 7%. It is interest rate sensitive and to energy. If you want European dividend plays, he would recommend ZWE and ZWP.

E.T.F.'s
BUY
Both are good. If you want to extract yield form Europe, it is the better way to invest. Still owns them in his portfolios and strategies. One is currency hedged while the other is not.
E.T.F.'s
COMMENT

Still holds ZWP. Would rotate with ZDH, which is an international dividend play. If you are really bullish, you want the dividend pure exposure. If not, play the covered call version. Right now, he holds both. More excited about Europe's valuation than US markets. Increasing exposure to international markets.

E.T.F.'s
PARTIAL BUY

This is a currency trade between ZWE to ZWP. Likes ZWP here. Favoured way of extracting value from European markets. The CAD to Euro has outperformed so it has not been ideal. If you want the yield, ZWP is the way to play.

E.T.F.'s
COMMENT

They are both identical. ZWP is not currency hedged. ZWE will hedge those currencies. Right now, he would want more exposure to a strengthening Euro than the CAD.

E.T.F.'s
BUY

He would prefer to have more exposure to the Euro so he would go with ZWP. However, both are good choices right now.

E.T.F.'s
COMMENT

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
BUY
Currently Europe is probably fairly valued. As the economy ramps up and recovers, growth names might slow down and value names can start to outperform. Value is likely to outperform growth in the next 3-4 years. International markets are more suited to that than the US.
E.T.F.'s
BUY

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.

E.T.F.'s
Showing 1 to 15 of 26 entries

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

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

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, 2 stock analysts published opinions about ZWP-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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?

2 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 2024-04-22, BMO Europe High Dividend Covered Call ETF (ZWP-T) stock closed at a price of $17.74.