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About BMO LONG SHORT US EQUITY ETF CAD UNITS
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Inception date
Oct 2, 2023
The fund offers an alternative approach to the US equity market by taking long and short positions in US 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
Technology Services
Cash
Stocks59.53%
Technology Services16.82%
Retail Trade9.35%
Health Technology7.33%
Finance6.75%
Electronic Technology6.17%
Producer Manufacturing4.85%
Consumer Services3.66%
Commercial Services2.32%
Energy Minerals2.29%
Transportation2.00%
Utilities1.00%
Distribution Services0.73%
Industrial Services0.27%
Process Industries−0.16%
Health Services−0.37%
Consumer Non-Durables−1.47%
Consumer Durables−2.01%
Bonds, Cash & Other40.47%
Cash31.89%
ETF8.58%