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Canadian ETF Comparison Series: ZWK vs. CALL.B

The article from The Globe and Mail discusses a comparison between two Canadian ETFs: the BMO Covered Call Canadian Banks ETF (ZWB) and the iShares Canadian Financial Monthly Income ETF (FIE). It highlights that both ETFs focus on the financial sector, particularly Canadian banks, but they differ in their investment strategies. ZWB uses a covered call strategy, which involves selling call options on the stocks it holds to generate additional income, potentially capping gains if the stocks rise significantly. On the other hand, FIE provides a diversified approach by not only investing in financial stocks but also in other income-generating assets like bonds and preferred shares, aiming for a balance between income and growth. The piece evaluates their performance, yield, management fees, and risk profiles, offering insights for investors looking to add financial sector exposure to their portfolios.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ZECP-A/pressreleases/29872196/canadian-etf-comparison-series-zwk-vs-callb/ ]