BMO Monthly Income ETF (ZMI.TO)
Company overview
The fund aims to provide monthly cash distributions, with the potential for long-term capital appreciation through a strategic asset allocation strategy via other BMO ETFs. These ETFs offers exposure to a diverse portfolio of income-bearing investments, including common equities, preferred shares, fixed income securities and trust units. In allocating its exposure, the fund manager considers average market valuations across regions, sectors and asset classes, relative economic conditions, and any perceived downside risks. Equity funds are expected to make up 60% of the holdings as compared to the 40% occupied by fixed income funds. Alternatively, the fund may also obtain its exposure by directly investing in equity and fixed income securities, other investment funds, ADRs or derivatives. The fund's risk profile is based on the BMO ETFs returns and a blend of the returns of the S&P/TSX Capped Composite Total Return Index and FTSE Canada Universe Bond Index.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
BMO Monthly Income ETF (ZMI.TO)
No price history available.
The fund aims to provide monthly cash distributions, with the potential for long-term capital appreciation through a strategic asset allocation strategy via other BMO ETFs. These ETFs offers exposure to a diverse portfolio of income-bearing investments, including common equities, preferred shares, fixed income securities and trust units. In allocating its exposure, the fund manager considers average market valuations across regions, sectors and asset classes, relative economic conditions, and any perceived downside risks. Equity funds are expected to make up 60% of the holdings as compared to the 40% occupied by fixed income funds. Alternatively, the fund may also obtain its exposure by directly investing in equity and fixed income securities, other investment funds, ADRs or derivatives. The fund's risk profile is based on the BMO ETFs returns and a blend of the returns of the S&P/TSX Capped Composite Total Return Index and FTSE Canada Universe Bond Index.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free