Overview
Description
The BMO Nasdaq 100 Equity Hedged Fund is a specialized investment vehicle designed to provide investors with exposure to the performance of the Nasdaq-100 Index, while mitigating currency risk for Canadian investors. This exchange-traded fund (ETF) targets the top 100 largest non-financial securities listed on the Nasdaq Stock Market, covering sectors such as technology, consumer goods, and healthcare, among others. Notably focusing on companies like Apple, Microsoft, and Amazon, the fund offers diversification within high-growth and innovative industry segments.
The ETF employs a currency hedging strategy to shield returns from foreign exchange fluctuations between the U.S. dollar and the Canadian dollar, making it an attractive choice for Canadian investors seeking U.S. market exposure without additional currency risk. This feature ensures that investment performance is more closely tied to the underlying asset values in the Nasdaq-100 Index itself.
With its strategic focus, the BMO Nasdaq 100 Equity Hedged Fund plays an essential role in a diversified portfolio, providing an opportunity for growth aligned with some of the most dynamic and influential companies in the global market.
About
Address
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Phone
+1 8003611392
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE