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BMO Monthly Income ETF
ZMI (BMO Monthly Income ETF) is an index Canadian Dividend Equity ETF by BMO. With a 0.18% MER, it provides diversified exposure. Monthly distribution with a 0.90% yield.
ZMI by BMO is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.18% MER makes it one of the most cost-effective options in its category.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.