Q: Could I get your opinion on ZMI? Thanks Ron
5i Research Answer:
ZMI aims to hold a basket of higher yielding BMO ETFs, including fixed income and equity ETFs. It has a decent AUM of $183M, an MER of 0.20%, and it pays distributions on a monthly basis. Its yield is currently 4.57%, and its performance has been OK, with minimal volatility. We think it looks OK for a conservative investor seeking monthly income.