The BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (ZWA) has been designed to provide exposure to a portfolio of Dow Jones Industrial Average companies, while earning call option premiums. The Fund invests in securities of the Dow Jones Industrial Average, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced to maintain better representation of the broad market and of American industry and options are rolled forward upon expiry. In addition, as ZWA may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. industry leading companies
- Call option writing reduces volatility
- Currency is hedged back to Canadian dollars
- Professionally managed by BMO Global Asset Management
April Monthly MAST Commentary: Fear of War is Coming Down, but Fear Over the Fed’s Soft-landing is Rising
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Value Hunting: The Return of Cautious Optimism
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A Portfolio Manager’s Guide to War and Conflict
With Russia’s recent invasion of Ukraine, institutional investors are once again questioning the historical relationship between war and capital markets.
Riding the $100T Renewables Infrastructure Wave
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Big data and clean energy transformation
Today artificial intelligence (AI), machine learning, and “big data” applications are creating a renaissance in ICT. In this article, BMO GAM’s Graham Takata explores what this means for net-zero commitments and what companies and investors can do to align with a clean energy future.