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BMO Equal Weight Utilities Index ETF
ZUT (BMO Equal Weight Utilities Index ETF) is an index Utilities Equity ETF by BMO. With a 0.55% MER, it provides diversified exposure. Monthly distribution with a 2.67% yield.
ZUT 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 0.55% MER, its fees are in line with category averages. It pays a monthly distribution with a 2.67% yield, making it attractive for income-seeking investors.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.