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BMO Nasdaq 100 Equity Index ETF
ZNQ (BMO Nasdaq 100 Equity Index ETF) is an index Canadian Technology Equity ETF by BMO. With a 0.35% MER, it provides diversified exposure. Annual distribution with a 0.23% yield.
ZNQ by BMO is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.35% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.