Key stats
About BMO LONG SHORT CANADIAN EQUITY ETF CAD UNITS
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Inception date
Oct 2, 2023
The fund offers an alternative approach to the Canadian equity market by taking long and short positions in Canadian equities across various sectors. The long portfolio is determined using a model that screens for attractive fundamental characteristics such as value, quality, growth, and technical and market sentiment. Meanwhile, the short portfolio comprises stocks in the same industry that are rated lower within the funds fundamental screening model. Portfolio risk will be managed both quantitatively and qualitatively. The fund may use leverage to enhance returns, whereby the net equity exposure will generally exceed 100%. The fund may invest in derivatives, including forwards, futures, swaps, and options. The fund will also invest excess cash in Treasurys, short-term debt, and provincial or corporate bonds.
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
ETF
Stocks59.39%
Finance17.30%
Energy Minerals11.85%
Retail Trade9.42%
Distribution Services5.24%
Transportation4.89%
Technology Services4.44%
Non-Energy Minerals3.62%
Utilities3.56%
Electronic Technology2.73%
Producer Manufacturing2.40%
Communications2.15%
Commercial Services0.74%
Consumer Services0.40%
Process Industries−0.75%
Miscellaneous−2.73%
Industrial Services−2.75%
Consumer Non-Durables−3.11%
Bonds, Cash & Other40.61%
ETF36.55%
UNIT2.30%
Cash1.76%