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BMO Covered Call Canadian Banks ETF (ZWB)
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Evolve US Banks Enhanced Yield Fund (CALL)
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Global X Equal Weight Canadian Bank Covered Call ETF (BKCC)
Q: Can I have your opinion on the best Cdn. bank ETF'S that write call options. Low fees & decent history of good yield.
Thank You
Thank You
5i Research Answer:
We like the BMO covered call Canadian Banks ETF (ZWB). It has a strong AUM, a solid yield of 7.25%, and a slightly higher MER of 0.71% than other ETF options. But we like this name for its balance of yield and capital appreciation.
There is also the Global X ETF (BKCC) which has a strong yield of 13%, but this is at the expense of limiting upside potential versus ZWB. It has a 0.57% MER and lower liquidity than ZWB.
For US banks, there is the CALL ETF.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWB.