The BMO Covered Call Canadian Banks ETF (ZWB) has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, 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 and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of Canadian banks
- Call option writing reduces volatility
- 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
The conflict in Ukraine keeps on raging, but fear of an escalation has come down. However, the impact on commodity prices will continue as prices remain elevated and long-term supply remains an issue, most notably for Europe and other commodity importing countries.
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.