The fund seeks to mirror the performance of an actively managed portfolio of diversified autocallable structured notes linked to US-listed equities.

BMO Asset Management (BMO) has launched the BMO Strategic Autocallable Income US Large Cap ETF, which seeks to generate regular income by primarily investing in an actively managed portfolio of single-stock autocallable derivatives tied to the performance of large-cap US equity issuers. The fund has completed its initial offering and is now listed and trading on the Toronto Stock Exchange. The ETF is available through three unit classes: CAD units under the ticker ZACU, hedged units under ZACU.