BMO laddered preferred share ETF fund was developed to ensure the correlation of your investments with the Solactive Laddered Canadian Preferred Share Index. The securities of the Fund are invested into preferred shares in the same proportion as they are listed in the index.
The stocks must match the size, liquidity, listing, and quality criteria.
The characteristics of the Fund are:
-rather a high level of potential revenue
-little volatility in interest income
-investments diversified portfolios
More information about the fund of Bank of Montreal Harris in Canada can be found at the bank's site.