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BMO Covered Call Canadian Banks ETF (ZWB $21.03)
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iShares Canadian Financial Monthly Income ETF (FIE $8.83)
Q: Which of these ETFs would you prefer for financial exposure? The fixed income component of FIE contains 20% CPD, which has had a nice run and is now approaching a 52 week high, 10% XCB (corporate bonds). The remaining 70% is banks and lifecos. ZWB, on the other hand, is 100% banks, with covered call premiums.