The fund aims to benefit from deteriorating US high-yield credit conditions and credit-event payouts.

BMO Asset Management (BMO), a Toronto-based provider of exchange-traded funds (ETFs), has further broadened its offering with the launch of the BMO Credit Stress Opportunities ETF (ZCDX). ZCDX may also use other derivatives, including swaps and futures The fund seeks to provide exposure to changes in credit conditions associated with a broad, diversified portfolio of US high-yield corporate issuers while minimising the effects of interest rate fluctuations. The strategy primarily uses short