BMO Asset Management launches two new series of BMO MSCI USA High Quality Index ETF
BMO Asset Management has launched two new series of BMO MSCI USA High Quality Index ETF, providing investors with more currency choice.
"This is a natural extension to our ETF lineup, as we have seen an increase in interest around the quality factor and its performance in the current market environment," said Mark Raes, Head of Product, BMO Global Asset Management Canada. "These new series will complement our shelf and provide investors with greater choice in terms of currency."
The series are the BMO MSCI USA High Quality Index ETF (Hedged Units) (ZUQ.F), and BMO MSCI USA High Quality Index ETF (USD Units) (ZUQ.U).
This ETF delivers exposure to US high quality stocks that are based on three main fundamental variables: high return on equity; stable year-over-year earnings growth; and low financial leverage. The ETF can be a core holding or provide effective diversification in a portfolio of factor strategies.