Overview
Description
The BMO Global High Dividend Covered Call ETF is a type of exchange-traded fund (ETF) designed to provide investors with a reliable income stream complemented by potential for capital appreciation. This ETF primarily focuses on global equities known for offering high dividends, pooling these stocks with a covered call strategy to enhance yield. The covered call technique involves selling call options on shares held within the fund, generating additional income through option premiums. This strategic approach aims to provide a hedge against market volatility while still capitalizing on upward market trends. Ideal for investors seeking income generation with a degree of downside protection, the ETF spans various sectors, including financials, utilities, and consumer staples. It serves as an efficient tool for diversifying income portfolios, offering exposure to international markets and blending income growth objectives with conservative risk management strategies. As part of the larger BMO suite of investment products, this ETF underscores its commitment to balancing yield enhancement with global equity exposure.
About
Address
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Phone
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Website
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Instrument type
ETF
Country
Canada
MIC code
NEOE