What Is ZXLU.F?
The BMO SPDR Utilities Select Sector Index ETF - Series ETFH seeks to replicate, to the extent possible before fees and expenses, the performance of the Utilities Select Sector Index that provides exposure to equity securities of large-capitalization issuers in the U.S. utilities sector. Generally, the ETF will invest substantially all of its assets, directly or indirectly, in the Utilities Select Sector SPDR® Fund. The ETF may invest substantially all of its assets, directly or indirectly, in the constituent securities of the Index, in substantially the same proportions as they are represented in the Index. The U.S. dollar currency exposure of the ETF is hedged back to the Canadian dollar.
Set it, forget it, let compounding do the heavy lifting. 💪