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XMD

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--%
1d
1w
1m

Analysis and statistics

  • Open
    44.5822$
  • Previous Close
    44.883$
  • 52 Week Change
    --
  • Day Range
    -0.30$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

XMD.TO is the ticker symbol for the BMO Mid-Term US IG Corporate Bond Index ETF. This ETF, traded on the Toronto Stock Exchange (TSX), aims to replicate the performance of a US investment grade corporate bond index while mitigating currency risk. It holds a portfolio of US dollar-denominated investment-grade corporate bonds with a focus on the mid-term maturity range, and it hedges against fluctuations in the Canadian dollar/US dollar exchange rate to provide Canadian investors with returns more closely aligned with the underlying US bond market performance.
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Factors

Here's an analysis of factors influencing the price of the XMD.TO ETF: Canadian Bond Market: XMD.TO tracks Canadian mid-term bonds, so changes in Canadian interest rates significantly affect its price. Rising rates typically lower bond values and vice versa. Credit Spreads: Widening credit spreads, reflecting increased risk aversion, can depress the price of corporate bonds within the ETF. Economic Data: Key economic indicators like inflation, GDP growth, and employment figures can influence interest rate expectations and thereby the ETF's value. Bank of Canada Policy: Decisions by the Bank of Canada regarding monetary policy, particularly changes to the overnight rate, have a direct impact on bond yields and the ETF's price. Global Interest Rates: Movements in global interest rates, especially in the US, can indirectly impact Canadian bond yields and the attractiveness of XMD.TO. Supply and Demand: General investor sentiment towards fixed income assets affects the demand for XMD.TO, influencing its price based on trading activity.

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