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Today we'll talk with Om Karmalkar, vice-president and Portfolio Manager at BMO ETFs to talk about covered call ETFs!
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Interesting strategy for sure but I think I will stick with my blue chip Canadian dividend stocks… but I’m old hahahaha. Thanks for bringing light to these new investment options. All the best in 2023 Marc and Brandon.
I was considering covered call ETFs until I looked more closely at this. Since inception (2017) their covered call ZWC ETF (-14.8%) has underperformed their own Canadian index fund ZCN (23.86%). That is a massive difference in returns over 5 to 6 years for an additional 2.91% annual yield. Additionally, its management fee is 12 times higher.
Watching this as I write this comment and after the first 8 minutes. So glad you talked about devaluing of principle. I am waiting for any discussion about the ROC component of ZWB for example. Their other etf’s have ROC in the taxation component as well. I would be holding this in a non rrsp account so taxation treatment is important to this household. I continue to watch…and Marc, is there a presentation you can do on such a thing as “good ROC” verus “Bad ROC?” Allegedly there is a good and a bad….is that true Marc? Thanks from East Canada
Amen Brandon!!! @ approximately 21:30 you popped the BIG question about taxation treatment for those of us that have non rrsp accounts and taxation is always one on the list to check. Thank you Brandon!!!!!! 👍 But zwb has an ROC taxation and he did not talk about that…and zwu also has a foreign income and ROC income which are not favourable in a non rrsp….too bad he did not talk about those in some of the bmo etf’s. 😔
Marc and Brandon thank you for putting out a video like this during the “holidays.” A time when people generally want to take a break and reflect and spend time with family. ☺
Still new fairly new to investing, and definitely learning a lot from watching your videos Brandon and Marc.