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BMO Global High Dividend Covered Call ETF (ZWG $31.53)
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Global X S&P 500 Covered Call ETF (XYLD $38.96)
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Global X S&P/TSX 60 Covered Call ETF (CNCC $12.80)
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BMO Global Enhanced Income Fund (ZWQT $17.23)
Q: Hi can you name some lower risk covered call ETF's in Canada and USA that you would recommend that offer both income and growth and can be held over the long term vs. owning stocks and index funds.
Thanks!
Thanks!
5i Research Answer:
While all of these still hold underlying equity risk, some more broad and diversified options could be ZWQT, a fund of funds, holding a number of covered call ETFs. ZWG offers a global covered call exposure. CNCC writes calls on the TSX 60. XYLD does covered calls against the S&P 500.