A bit misleading. I equate a bond as being secured by an asset. From what I can tell the majority of the BMO Ultra Short Bond ETF are unsecured bonds, with less than 1 year to maturity. They are rated as low risk, but rating agencies are somewhat suspect.
Most of the paper is written on financials so my view is the BMO Ultra Short Bond ETF a good bet for parking cash, somewhat similar to a money market account with better rates.
Question: How would you rate the BMO Ultra Short Bonds and why? Looking for too risky for short term cash or GTG.
Discuss your favourite picks, broker, and trading or investment style.
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