Overview
Description
BMO Gold Bullion Hedged to CAD ETF is a commodity-focused exchange-traded fund designed to closely replicate the price performance of physical gold bullion, net of management fees and expenses. Its primary objective is to offer investors direct exposure to gold by investing in long-term holdings linked to gold, while systematically hedging currency fluctuations between the US dollar and the Canadian dollar. This structure makes it appealing to investors seeking to track gold prices without the volatility arising from changes in exchange rates. The fund plays a significant role in portfolios as a tool for diversification and as a traditional hedge against inflation or economic uncertainty, reflecting gold’s long-standing status as a store of value. Managed by BMO Global Asset Management, the ETF is positioned within the precious metals sector and can serve both institutional and retail investors who want straightforward, CAD-hedged access to gold prices as part of a broader asset allocation strategy.
About
Address
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Phone
+1 8003611392
Website
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Instrument type
ETF
Country
Canada
MIC code
NEOE