Investors might opt for a higher yield strategy that provides less overall returns but more passive income. For this exact reason, Canadian-covered call ETFs are becoming extremely popular among Canadian investors.
These Canadian ETFs often hold the same holdings as their non-covered call counterparts. The difference is that the covered call variants attempt to boost their distributions by collecting premiums by selling call options.
If you don’t know what a covered call options strategy is, we have in-depth commentary on the plan at the bottom of this article.
However, if you understand the strategy and want some of the best funds, you might want to pay attention to what we feel are the best-covered call ETFs in Canada.
The best covered call ETFs in Canada to buy right now
BMO Covered Call Canadian Banks ETF (TSE:ZWB)
The Canadian-covered call bank ETF by BMO serves a simple purpose. It will expose investors to all 6 central…
