This summary was created by AI, based on 5 opinions in the last 12 months.
The BMO Money Market Fund (ZMMK-T) is a short-term money market ETF that is not impacted by currency volatility. It is recommended as a cash-like position in a portfolio, paying higher interest than a plain-vanilla high-interest savings ETF. Experts suggest pairing it with longer-term fixed income like ZAG for a diversified and balanced approach. Overall, it is considered a safe and reliable option for accessing cash within a portfolio.
ZMMK and ZST are his two favourite BMO ETFs for money market exposure. He uses both in the bond fund he manages. Which one you chose depends on your risk tolerance. Both are excellent, look at both.
Now paying 15-20 bps higher than a plain-vanilla high-interest savings ETF. Good if you need access to cash, never drops below where you bought it if you buy on the ex-dividend date. A cash-like position in your portfolio. Pays interest.
The sawtooth graph is explained as money accumulating on short-term paper holdings, and then paid out all at once every month. You can, of course, automatically reinvest the proceeds.
He recommends "barbelling" it in with longer-term fixed income like ZAG.
Diversified. Perfectly fine (aka "boring") to hold a bit of this for a cash-like instrument.
In order to pay higher rates - added mortgage assets. Regulators not approving mortgage additions, so interest rates will fall on this product.
Holds money market funds.
Providing short tern interest rate exposure.
High yields good for investors (~5%).
Safe & easy cash alternative.
BMO Money Market Fund is a Canadian stock, trading under the symbol ZMMK-T on the Toronto Stock Exchange (ZMMK-CT). It is usually referred to as TSX:ZMMK or ZMMK-T
In the last year, 5 stock analysts published opinions about ZMMK-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Money Market Fund.
BMO Money Market Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO Money Market Fund.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered BMO Money Market Fund In the last year. It is a trending stock that is worth watching.
On 2024-12-04, BMO Money Market Fund (ZMMK-T) stock closed at a price of $49.95.
A short-term money market ETF is not going to be impacted by currency volatility. They're Canadian plays in Canada. Even though the BOC is a lot more aggressive in terms of cutting rates because the Canadian economy is significantly weaker than that of the US.