Q: Two part question:
What are the major differences between these two covered call utilities etf's? Wondering why/how UMAX has ~2X dividend yield?
Would it be possible to suggest equivalent covered call etf(s) for US market?
Thank you.
What are the major differences between these two covered call utilities etf's? Wondering why/how UMAX has ~2X dividend yield?
Would it be possible to suggest equivalent covered call etf(s) for US market?
Thank you.
5i Research Answer:
UMAX sells at-the-money call options, which get higher premiums than out-of-the-money. It...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWU.