BMO’s asset manager introduces equity-focused ETF with buffer (NYSE:BMO)

BMO Asset Administration, a part of Financial institution of Montreal (NYSE:BMO), mentioned Friday that its new structured consequence exchange-traded fund — US Fairness Buffer Hedged to CAD ETF – January (ZJAN) — debuted on Cboe Canada.

The fund seeks to supply unitholders with earnings and appreciation that matches to the extent potential the return of an index designed to measure the large-cap phase of the U.S. inventory market as much as a cap.

In doing so, it supplies a buffer in opposition to the primary 15 per cent of a lower available in the market worth of the reference index over a interval of about one yr from the third Friday of January of every yr to on or concerning the third Friday of January of the next yr.