BMO Money Market Fund ETF Series
BMO Money Market Fund ETF Series (ZMMK.TO) Company Profile & Overview
Explore BMO Money Market Fund ETF Series’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
BMO Money Market Fund ETF Series (ZMMK.TO) Company Profile & Overview
The fund seeks to provide income and liquidity consistent with short-term money market rates, alongside capital preservation, by investing in CAD-denominated money market instruments and other securities issued by Canadian governments and companies, including T-bills, bankers' acceptances, and commercial paper. Eligible securities must have less than 365 days to maturity and less than 90 days average term-to-maturity. The fund manager selects securities based on economic fundamentals and capital market developments. The fund may engage in lending to earn additional income. It may also use derivatives such as options, futures, and swaps for hedging and non-hedging purposes.