BMO expands ESG and currency ETF offerings
BMO Asset Management has launched four new Exchange Traded Funds (ETFs), including a new Environmental, Social, and Governance (ESG) ETF.
"At BMO Global Asset Management, we continue to advance our ESG ETF lineup to meet the demands of investors. Adding a US high yield offering allows investors to further integrate ESG into their portfolios," says Mark Raes, Head of Product, BMO Global Asset Management Canada. "As well, adding new tickers on popular ETFs helps us to partner with investors with US dollar portfolios."
The BMO ESG High Yield US Corporate Bond Index ETF seeks to replicate the performance of the ESG-focused Bloomberg Barclays MSCI US High Yield Liquid Corporate Sustainability SRI Index. The offering is also available in hedged units to provide investors protection from US currency exposure.
Additionally, BMO AM is expanding its currency options with the launch of two new ETF series:
BMO Nasdaq 100 Equity Index (USD Units) (ZNQ.U)
BMO High Yield US Corporate Bond Index ETF (USD Units) (ZJK.U)