What Is ZPAY.U?
BMO Premium Yield ETF seeks to provide exposure to a portfolio of U.S. large capitalization companies, by investing in U.S. equity securities and derivative instruments. The securities will be selected using a rules based methodology that considers quality, yield, and liquidity. The options are written out of the money and are used to identify stock entry and exit points. The ETF trades in US dollars on the TSX.
Set it, forget it, let compounding do the heavy lifting. ๐ช