BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU.TO) TSX
Currency In CAD
AD
- General
- Statistics
- Historical Data
- Profile
- Financials
AD
Currency In CAD
Address
100 King St. West, 43rd Floor
Toronto, ON M5X 1A1
Canada
Phone
1-800-361-1392
Sector
Financial Services
Industry
Asset Management - Bonds
Employees
N/A
First IPO Date
March 27, 2013
The BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU) is designed to approximate the investment performance of the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond CAD Hedged Index, after accounting for its expenses. A key characteristic is the hedging of its U.S. dollar currency exposure back to Canadian dollars, aiming to minimize exchange rate fluctuations. Moreover, as ZMU is structured as a fund of funds, the management fees it charges are reduced by any fees already incurred by the underlying investments.