This summary was created by AI, based on 4 opinions in the last 12 months.
Experts recommend 'barbelling' BMO Money Market Fund with longer-term fixed income like ZAG. It is considered a diversified and safe cash alternative with high yields. However, the addition of mortgage assets to pay higher rates is facing regulatory hurdles, indicating potential future interest rate falls on this product.
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, 4 stock analysts published opinions about ZMMK-T. 3 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.
4 stock analysts on Stockchase covered BMO Money Market Fund In the last year. It is a trending stock that is worth watching.
On 2024-09-06, BMO Money Market Fund (ZMMK-T) stock closed at a price of $49.95.
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.