BMO Asset Management has unveiled four new funds in its exchange-traded fund range that have started trading on the Toronto Stock Exchange.

The BMO S&P/TSX Laddered Preferred Share Index ETF is designed to reduce interest rate sensitivity compared to the preferred share market by using rate resets.

Meanwhile, the firm said the BMO S&P/TSX Equal Weight Industrials Index ETF provides exposure to a growth sector not previously offered in Canada, while reducing the weight in the largest companies.

Lastly, the BMO S&P/TSX Equal Weight Global Gold Index ETF provides equal-weighted exposure to global gold companies and the BMO S&P 500 Index ETF offers investors access to the US equities market with exposure to US currency movements -  purchased with either Canadian or US dollars.

BMO Asset Management said its ETF business has grown to 48 funds since its inception in May 2009.