This summary was created by AI, based on 9 opinions in the last 12 months.
The BMO Premium Yield ETF (ZPAY-T) has garnered positive reviews from various experts, highlighting its strategic approach to investing in U.S. stocks while providing currency hedging, which is considered crucial in today's market. Many experts appreciate its covered call strategy, which allows for income generation while managing risks, making it suitable for retirees seeking tax-efficient income. The ETF has been noted for its defensive position and ability to deliver a yield around 6%, appealing to those who rely on dividends. Additionally, its structure, resembling a balanced portfolio, offers investors a way to mitigate downside risk while still gaining equity exposure, particularly in volatile markets. For those funding short-term needs like vacations in USD, ZPAY is viewed as a viable option due to its tax efficiency and focus on large, stable companies.
Really only in the US, in the Innovators series, but only in USD, which is risky now. ZPAY-F gives you exposure to the US, but with the currency hedge, which he prefers. Buffers limit upside, but protect in the downside. It's like a 60/40 balance portfolio and it's tax efficient.
The version that gives you exposure in USD has given you a stronger return in past years. He prefers /F, the one that gives you the hedge.
It is a covered call strategy on U.S. stocks. It is good going forward and holds U.S. large cap companies. You need to understand the downside risk of covered call ETF's.
Gives you broad exposure beyond just the financial sector, with about half the risk of the US equity market. Very tax-efficient. Nice yield in the 6% range.
Good way to add diversification for a retiree. Gives you some US exposure to big banks and tech, and with a lower risk profile.
A put/write covered call income-focused strategy using options can generate extra income. ZWB is covered call banks. If you're bullish on the market, ZWB will give you more upside than ZPAY. If you're conservative on the market, and you think there's going to be more volatility, ZPAY will do better for you.
Right now in his dividend fund, he owns ZPAY but not ZWB.
In USD, and you can buy it in your taxable USD account. Focuses on some of the biggest and best companies in the US. Tax-efficient. Better than withdrawing from your RRSP. Yield is ~6%.
Packaged ZPH and covered call together. He'd buy this instead of ZPH alone.
Great dividend in US dollars. Conservative equity exposure with great defensive position. Would recommend buying, especially for Canadian snowbirds in USA.
Fees generated from fund option writing is on account of capital. Good option for investors.
Good defensive strategy. With economy poised for correction, good option for investors.
Holds high-quality US stocks that pay yields, stocks that Warren Buffett would hold. Add an option overlay which generates tax-efficient cash flow. Yield is 6.35% and MER 0.37%. Holds classics like Nvidia and Alphabet and T-bills. It also sells puts which can be good or bad. Overall, this is good if you want yield and quality US stocks.
Broad exposure to consumer and tech stocks.
Trimming exposure right now.
Better places to invest - pipelines and telco's.
High price at the moment.
BMO Premium Yield ETF is a Canadian stock, trading under the symbol ZPAY-T on the Toronto Stock Exchange (ZPAY-CT). It is usually referred to as TSX:ZPAY or ZPAY-T
In the last year, 7 stock analysts published opinions about ZPAY-T. 7 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 Premium Yield ETF.
BMO Premium Yield ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO Premium Yield 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.
7 stock analysts on Stockchase covered BMO Premium Yield ETF In the last year. It is a trending stock that is worth watching.
On 2025-02-20, BMO Premium Yield ETF (ZPAY-T) stock closed at a price of $33.35.