The products aim to offer preset annualised distribution targets of 6%-15% and are now listed on the Toronto Stock Exchange.
BMO Asset Management, a Toronto-based asset management company, has launched Target Cash Flow Units across a range of its existing covered call and equity ETFs, alongside additions to its BMO All-Equity ETF strategies. All the unit classes have closed their initial offering The Target Cash Flow Units are a series of units in existing BMO ETFs that deliver monthly payouts based on a preset annualised distribution target. The rollout spans more than a dozen BMO covered call and equity E