Product roundup: BMO launches gold ETF with a covered call spread strategy — and more
“And what we’re doing here is offering basically tools for different types of scenarios.”
The new ETFs include:
- BMO Covered Call Spread Gold Bullion ETF (TSX: ZWGD), which has a 0.65% management fee and “medium” risk rating. The fund provides exposure to gold by investing in the BMO Gold Bullion ETF (TSX: ZGLD). It also employs a covered call spread strategy, aiming to produce monthly cash flow from a traditionally non-yielding asset.
- BMO Canadian Core Plus US Balanced ETF (TSX: ZBCB), which has a 0.4% management fee and “low to medium” risk rating. The fund aims to provide income and long-term capital appreciation by investing in Canadian and U.S. equities and fixed-income instruments.
- BMO Canadian Equity…
