What Is ZMU?
The BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond CAD Hedged Index, net of expenses. The U.S. dollar currency exposure is hedged back to Canadian dollars. In addition, as ZMU is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Set it, forget it, let compounding do the heavy lifting. ๐ช