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  5. ZWC: Retired, dividend-income investor. [BMO Canadian High Dividend Covered Call ETF]
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Investment Q&A

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Q: Retired, dividend-income investor. I bought a 4% position in ZWC in 2017 and it has just been "ok". I'm probably going to give it a few more quarters to see if/how it recovers from it's current price. Over the time I have owned it, I have averaged around 4%. The dividend I get is directed to other investment opportunities.

If I decide to flush ZWC, I am interested in purchasing a USA-focused ETF that pays a reasonable dividend and is eligible for the Cdn dividend tax credit. It should cover the various sectors of their economy and include the magnificent 7. I am more of a value investor and hesitate to buy something that has already had a big run-up. However, there is the theory that there is still room for the Mag-7 to run.

Do you have a few ETFs that I could research...thanks...Steve
Asked by Stephen on December 19, 2023
5i Research Answer:

We are not able to provide a 'USA focused' ETF that also gets the dividend tax credit. Simply by definition only Canadian companies are eligible.