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BMO Ultra Short-Term Bond ETF (ZST)
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BMO Ultra Short-Term Bond ETF (ZST.L)
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BMO Ultra Short-Term Bond ETF Accum Unit (ZSTL)
Q: What is the difference between ZST.CA, ZST.L.CA and ZSTL.CA. What is the total return 5 and 10 year return on each. Which one if any would you recommend for use of holding portfolio cash to generate some income and the safety of principal.
Thanks.
Thanks.
5i Research Answer:
ZST is BMO ultra short term bond ETF, priced in Canadian dollars. 5-year 2.87%. 10 year 2.31%.
ZST.L are 'accumulation' units where distributions accumulate and are not paid out in cash. 5-year 2.85%, 10 year numbers not available (not in existence). Since inception return 2.47%.
ZSTL is simply the old symbol for ZST.L
If an investor does not need the cash distribution, we would see ZST.L as the right choice, but overall we would be mostly indifferent here.