Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. Our goal is to help every Canadian achieve financial freedom.
BMO Equal Weight US Health Care Hedged to CAD Index ETF (TSX: ZUH)
TSX:ZUH (BMO Equal Weight US Health Care Hedged to CAD Index ETF)
The ETF seeks to replicate, to the extent possible, the performance of an equal-weight U.S. large-cap health care index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight US Health Care Index Canadian Dollar Hedged (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.