Q: Pat, the bulk of my investments are in North America. I am looking at Europe and thought that an ETF holding solid blue chips would be best for me. As I also require income, I came across ZWP, which pays a very good dividend and holds high-quality companies. Do you think that this would be a good ETF at this time? Thanks.

A: BMO Europe High Dividend Covered Call ETF, $16.40, symbol ZWP on Toronto (Units outstanding: 63.6 million; Market cap: $1.0 billion; www.bmo.com/gam), invests in a dividend-focused portfolio of European stocks.
The fund started up in March 2018. Its MER is a relatively high 0.71%.
Its top holdings… Read More

We see only one of these new ETFs as a buy

This month we look at two new ETFs launched by U.S. providers. The first promises to provide some protection when markets decline, and the second invests in companies that will benefit from the work-from-home trend.
NATIONWIDE RISK-MANAGED INCOME EQUITY ETF $27.45 (New York symbol NUSI) seeks to provide regular… Read More

Q: Hello all. Could I have your opinion please on CGFX, a gold ETF containing the largest gold miners. It pays a distribution yielding around 6%. They do this by writing covered calls on 25% of the portfolio. Too good to be true? Thanks.

A: The CI First Asset Gold+ Giants Covered Call ETF, $17.20, symbol CGXF on Toronto (Units outstanding: 24.8 million; Market cap: $426.6 million; www.firstasset.com), holds an equal-weighted portfolio of the 15 largest gold and precious-metal companies as measured by market capitalization. Each is listed on… Read More

Pass on this ETF: Horizons Enhanced Income Gold Producers ETF

The HORIZONS ENHANCED INCOME GOLD PRODUCERS ETF $37.00 (Toronto symbol HEP) invests in an equal-weighted portfolio of North American-listed gold mining companies. The portfolio currently holds 14 stocks, with all the top producers such as Barrick Gold and Newmont Corp. represented.
The ETF yields a high 5.0%. However, the dividend income… Read More

COVID-19 boosts the appeal of Utilities ETFs

Central banks are keeping interest rates down in order to counter the negative effects of the COVID-19 pandemic. (The Supplement on page 69 offers you more info on how high deficits and low interest rates in the wake of the coronavirus will affect governments going… Read More

Investing in stocks: The hidden drawbacks of split-share corporations

Investing in stocks: The hidden drawbacks of split-share corporations

Split-share corporations come with inherent drawbacks that can hand investors unexpected and unwelcomed costs before they’d planned
Split-share corporations: they’re just one of the areas that Pat McKeough’s Inner Circle can tap into our investment research. Members also get to ask investment questions of Pat and his… Read More

A Yield To Caution: Canoe EIT Income Fund

CANOE EIT INCOME FUND $11.03 (Toronto symbol EIT.UN; Units o/s: 117.6 million; Market cap: $1.3 billion; Dividend yield: 10.9%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend-paying stocks. Canadian stocks account for 46.3% of its holdings, followed by the U.S. at 37.8%.
Canoe pays a.. Read More

Pass on this ETF

BMO COVERED CALL CANADIAN BANKS ETF $18.43 (Toronto symbol ZWB; TSINetwork ETF Rating: Conservative; Market cap: $1.9 billion) holds shares of Canada’s six largest banks (CIBC, TD Bank, Bank of Montreal, Bank of Nova Scotia, Royal Bank and National Bank) either directly or through units of the BMO Equal… Read More