The BMO S&P 500 Hedged to CAD Index ETF (ZUE) was developed to invest in the securities, represented in the S&P 500 Hedged to Canadian Dollars Index, and to be kept in the same proportion.
The characteristics of the Fund are:
- investments in the most promising and stable companies in the USA
- low management commission fees because of the subtraction of fees charged in accrued in the underlying funds
- the potential of the capital growth
- currency is hedged
More information about the fund of Bank of Montreal Harris in Canada can also be found at the bank's site.