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

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.