Overview
Description
The BMO U.S. Dividend Hedged to CAD Fund is an actively managed exchange-traded fund (ETF) focused on providing investors with exposure to a portfolio of U.S. dividend-paying companies while mitigating currency risk between the U.S. dollar and the Canadian dollar. Its primary function is to deliver consistent dividend income and capital appreciation by investing in high-quality, large-cap U.S. companies. The fund specifically targets sectors like utilities, consumer goods, healthcare, and technology, which are known for dividend reliability and growth potential. The fund employs a currency hedging strategy to protect Canadian investors from foreign exchange fluctuations that could impact returns. This hedging aspect is crucial for investors seeking stable returns from international equities without the added volatility from currency shifts. The BMO U.S. Dividend Hedged to CAD Fund plays a significant role in diversifying portfolios for Canadian investors, offering exposure to the robust U.S. market while maintaining a defensive edge against currency risks.
About
Address
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Phone
+1 8003611392
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE