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  5. ZMMK: I am holding all of the above in my portfolio, along with some equity etfs and a few individual stocks. [BMO Money Market Fund]
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Q: I am holding all of the above in my portfolio, along with some equity etfs and a few individual stocks. In seeing your comments on BMO 95290 fund, wondering if i should replace all of these etfs with the BMO fund ? Also, if i should allocate anything to CBO or CVD for diversification.
Thanks! I appreciate your quick and thorough responses!
Asked by Tom on November 18, 2024
5i Research Answer:

We cannot personalize answers, but we would be cautious in replacing a cash fund such as ZMMK with a structured note fund. They are different animals. HFR is also a more conservative fund. XHB is 100% corporate bonds, which will also act differently. PMIF is very liquid and offers a high indicated yield. The mutual fund noted has better returns than most of these, but that's because of a differing mix of securities and risk. We would see it as complementary fund, not a replacement. 

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