BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) TSX

71.15

+0.36(+0.51%)

Updated at October 03 03:59PM

Currency In CAD

BMO Dow Jones Industrial Average Hedged to CAD Index ETF

Address

Toronto,

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

April 20, 2010

Key Executives

N/A

Description

The fund is passively managed to hold 30 US blue-chip companies that are hand-picked by a committee. The index covers all industries except transportation and utilities. However, the fund is not ideal for investors who want broad-based exposure to US large-capsits tiny portfolio, arbitrary selection, and antiquated weighting may produce significant sector biases relative to the market, and cover only a fraction of the large-cap space, typically represented by hundreds of names. Stocks are also price-weighted, not cap-weighted, which can produce major sector realignments when multiple holdings change. ZDJ also comes with a currency hedge for CAD-based investors.