TORONTO, March 7, 2018 /CNW/ - BMO Asset Management Inc. (BMO AM) today launched five new Exchange Traded Funds (ETFs)*. Among the new funds are three Canadian fixed income ETFs – including short-term bonds, corporate bonds, and government bonds – helping investors build and adjust portfolios with efficient, low cost ETFs.
"As one of the top 10 fixed income ETF providers globally**, we're excited to build on our successful and comprehensive suite," said Kevin Gopaul, Head of BMO Global Asset Management Canada. "We recognize that investors are searching for solutions in a rapidly changing fixed income market. We deliver tailored ETFs that are as wide or as precise as investors' needs to build the best possible portfolios."
The offering of the new ETFs has closed, and they will begin trading on the Toronto Stock Exchange today:
BMO Short-Term Bond Index ETF (Ticker: ZSB): This ETF offers exposure to 1-5 year Canadian investment grade bonds.
BMO Corporate Bond Index ETF (Ticker: ZCB): This ETF offers exposure to Canadian investment grade corporate bonds across all sectors and maturities.
BMO Government Bond Index ETF (Ticker: ZGB): This ETF provides investors with exposure to Canadian federal, provincial and municipal bonds across all sectors and maturities.
In addition, BMO is adding hedged and unhedged options to existing ETFs:
BMO Europe High Dividend Covered Call ETF (Ticker: ZWP): This ETF offers exposure to a portfolio of dividend paying European companies with a covered call overlay.
BMO US High Dividend Covered Call Hedged to CAD ETF (Ticker: ZWS): This ETF provides exposure to a portfolio of dividend paying U.S. companies with a covered call overlay.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
*BMO ETFs are administered and managed by BMO Asset Management Inc., which is an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed; their values change frequently and past performance may not be repeated.
**According to Morningstar Data
About BMO Exchange Traded Funds (ETFs)
Established in June 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of January 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group