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  5. ZWB.U: I hold DYN6001 in my non-registered savings account to generate USD income. [BMO Covered Call Canadian Banks ETF]

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Q: I hold DYN6001 in my non-registered savings account to generate USD income. It has low volatility but relatively modest monthly income due to management fees. Would ZWB.U be a better choice? Its current yield is 7.2% but comes with an MER of 0.72%. Can you suggest other options for USD income with low volatility?
Asked by Jean on April 05, 2024
5i Research Answer:
We don't mind ZWB.U; it offers exposure to utiities and enhanced income through covered call...
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