BMO introduces four new ETFs on the Toronto Stock Exchange

Nov 21st, 2012 | By | Category: Equities

BMO Asset Management, a Canada-based provider of exchange-traded funds (ETFs), has introduced four new ETFs on the Toronto Stock Exchange.

BMO introduces four new ETFs on the Toronto Stock Exchange

Established in May 2009, BMO Financial Group’s ETF business is a leading ETF provider in Canada.

The new funds provide exposure to a range of areas including broad-based US equities, risk-controlled equity sectors, and a laddered Canadian preferred share portfolio.

These latest listings brings BMO’s product suite to 48 ETFs, spanning across various asset classes, regions, sectors and investment solutions.

“In today’s financial environment where the markets are constantly changing, people are looking for investment products that can keep pace with these changes, and we have had that in mind when expanding and evolving our lineup,” said Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO Asset Management Inc.

He added: “BMO Asset Management is a leader in providing innovative, timely and competitive ETF products. These four new funds are just the latest example of how we strive to anticipate and fulfill critical investor needs.”

The new funds are:

BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR), which is designed to reduce interest-rate sensitivity compared to the preferred share market by using rate resets, while providing investors with portfolio diversification and tax-efficient dividend income;

BMO S&P/TSX Equal Weight Industrials Index ETF (ZIN), which provides exposure to a growth sector not previously offered in Canada, while reducing the weight in the largest companies;

BMO S&P/TSX Equal Weight Global Gold Index ETF (ZGD), which provides equal-weighted exposure to global gold companies;

BMO S&P 500 Index ETF (ZSP), which allows investors to access the US equities market with exposure to US currency movement, purchased either with Canadian or US dollars.

Tags: , , , , , ,

Leave a Comment

More in Equities
Invesco PowerShares launches five European equity factor ETFs
Invesco launches five PowerShares European equity factor ETFs

Invesco PowerShares has launched five European equity ETFs, each offering focused exposure to a single factor – value, quality, low beta, price momentum,...

Manulife Investments launches two new multi-factor ETFs
Manulife launches two multi-factor ETFs on TSX

Manulife Investments has launched two new multi-factor ETFs on the Toronto Stock Exchange (TSX). The funds are sub-advised by Dimensional Fund Advisors and provide exposure...