The funds offer three and a half years income exposure via derivatives while moderating downside risk.
Toronto-based BMO Asset Management (BMO) has rolled out three single stock autocallable income exchange-traded funds (ETFs), offering limited-term income exposure to Nvidia, Palantir and Tesla shares through derivatives-based strategies aimed at mitigating some downside risk. The funds include the BMO Autocallable Income Nvidia ETF (NVIA), BMO Autocallable Income Palantir ETF (PLTA) and the BMO Autocallable Income Tesla ETF (TESA). NVIA provides investors with the opportunity for income o