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BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB $33.16)
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BMO Equal Weight US Banks Index ETF (ZBK $37.12)
Q: I assume hedging is a two way street - you get protection back to Can$ if the US $ falls but lose the gain associated with a US$ rise, and there is a cost to provide this?? So if the US$ looks strong going forward relative to the Looney is this the best strategy and are there other US banking sector ETF choices. What do you think?