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The BMO Europe High Dividend Covered Call ETF (ZWP-T) is viewed favorably by multiple experts for its ability to provide tax-efficient income through international markets. However, concerns are raised regarding the potential impact of U.S. tariffs under the 'America First' agenda, which could negatively affect non-U.S. markets, including Europe. Comparatively, some experts express a preference for ZWE over ZWP, particularly based on currency exchange rates, suggesting that hedging strategies should be employed when CAD-EUR rates exceed certain thresholds. Further, there is a discussion about the balance between ZWP and other ETF options like ZWU, which focuses on North American utilities and telecom sectors, highlighting ZWP's strength in dividend yields from foreign companies, particularly in Europe. Ultimately, ZWP remains a well-regarded option for Canadian investors seeking dividend exposure in international markets.
A favourite ETF of his. A tax-efficient way to extract income in international markets. But the incoming America First agenda will likely be pro-US and negative other places in the world through tariffs. Dividend-paying stocks are generally not big exporters. EMs are likely to targeted far more than Europe, but Trump, he thinks, will slap tariffs across the board.
He had some of both this year, but right now ZWE is his preference. Going over the history of this ETF, the extreme was $1.50-1.60 CAD to euro. So anything above $1.50-1.55, you'd want to be hedged. Anything lower than $1.35-1.40, you want to be exposed to the foreign currency.
Recently we got back above $1.50. If it keeps going higher, that's fine. When you're hedging the CAD relative to Europe, their interest rates are lower than ours, and so you actually earn extra doing it.
ZWU has utilities, pipelines, and telcos (including BCE). A utility play, with a covered call strategy. Really nice way to get a lot of income in your portfolio without a lot of volatility. But very interest-rate sensitive. Lots of ups and downs over the last 5 years, mainly based on what the bond market's done.
ZWP is the equivalent of high-dividend players, but exposed to Europe. Some of the best dividend yields come out of foreign companies. Great way for Canadian investors to get income and dividend exposure in Europe. Likes it very much.
Likes both, and owns both in his ZZZD. The mix changes from time to time as he sees more value in one or the other. Most recently, he trimmed ZWU and bought some ZWEN (direct exposure to covered call energy sector).
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.
He would prefer to have more exposure to the Euro so he would go with ZWP. However, both are good choices right now.
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.
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
In the last year, 2 stock analysts published opinions about ZWP-T. 0 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 ETF.
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.
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.
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.
On 2025-04-25, BMO Europe High Dividend Covered Call ETF (ZWP-T) stock closed at a price of $18.69.