Description

This BMO Exchange Traded Fund (ETF) is designed to offer investors access to a diversified selection of international equities from developed markets outside of North America, specifically structured to exhibit lower market volatility. It employs a systematic, rules-based process to build a portfolio of large-capitalization global stocks that demonstrate reduced sensitivity to broader market fluctuations, a characteristic often measured by "beta." To neutralize currency risks for Canadian investors, all foreign currency exposure is hedged back to the Canadian dollar. The underlying portfolio holdings are adjusted annually through rebalancing in May and a complete reconstitution in November. As this is a fund-of-funds vehicle, any management fees charged are offset by those already incurred within its underlying investments, preventing redundant fee application.