TSX:ZMI (Bmo Monthly Income ETF)
About ZMI
The ETF seeks to provide monthly cash distributions, with the potential for modest long-term capital appreciation, generally by investing in BMO ETFs that provide exposure to a diversified portfolio of income-bearing investments, including common equities, preferred shares, fixed income securities and trust units The ETF employs a strategic asset allocation strategy. The BMO ETFs asset class weightings will be approximately 60% in equity securities and 40% in fixed income securities. Exposure to such incomebearing investments may be obtained by investing in them directly or by investing in other ETFs, mutual funds or public investment funds, in American depositary receipts or in derivative instruments. In allocating the portfolio, the Manager will consider average market valuations across regions, sectors and asset classes, relative economic conditions that may affect the investment and any perceived downside risks.
Bmo Monthly Income ETF (TSX: ZMI) Latest News

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I’d Put $7,000 in This Discounted Monthly Dividend Payer for Lifetime Income

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