BMO Asset Management launches four ETFs on the Toronto Stock Exchange
BMO Asset Management has added four funds, based on recently-announced indices from S&P Dow Jones Indices, to its exchange-traded fund product suite.
"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 line-up," says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management. "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 fulfil critical investor needs."
The four new ETFs are:
BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR) – 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) – 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) – Provides equal-weighted exposure to global gold companies.
BMO S&P 500 Index ETF (ZSP/ZSP.u) – Allows investors to access the US equities market with exposure to US currency movement, purchased either with Canadian or US dollars.
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