BMO mid federal bond index ETF (ZFM) was developed to invest in the securities, presented in FTSE Canada Mid Term Federal Bond Index.
Thus, the Fund invests in securities guaranteed by the Canadian government or its agencies with a maturity between 5 and 10 years.
The characteristics of the Fund are:
- stable earnings
- an average level of risks
- the term of securities is often from 5 to 10 years
- investments to a diversified portfolio of federal bonds
More information about the fund of Bank of Montreal Harris in Canada can be found at the bank's site.