What Is ZWGD?
The BMO Covered Call Spread Gold Bullion ETF seeks to provide long-term capital appreciation through exposure to the price of gold bullion by investing directly or indirectly in long-term holdings of unencumbered gold bullion and to earn premiums through exposure to a covered call spread strategy. Currently, the ETF invests in BMO Gold Bullion ETF and will use a covered call spread strategy to earn premiums by selling a call option with a lower strike price and buying a call option with a higher strike price to maintain long exposure to the price of gold bullion.
Set it, forget it, let compounding do the heavy lifting. ๐ช