What Is ZMP?
The BMO Mid Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Mid Term Provincial Bond Index TM , net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between five and ten years. Securities held in the Index are generally issued or guaranteed by the Provincial Governments in Canada, by various agencies of the Provincial Governments, and by various instrumentalities that have been established or sponsored by Provincial Governments.
Set it, forget it, let compounding do the heavy lifting. ๐ช