New Products

BMO Global Asset Management Expands UK ETF Range

Josh O'Neill, Reporter, 11 January 2017

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The firm's latest offering is registered in Dublin under the Irish Collective Asset Management Vehicle.

BMO Global Asset Management has launched a new exchange-traded fund, the BMO MSCI Emerging Markets Income Leaders UCITS ETF, adding to its suite of ETFs for UK investors.

Investors can allocate portfolios to emerging markets, UK, US and European markets through BMO’s equity ETF range, which has been developed to target income in response to the evolving needs of investors, BMO Global Asset Management said in a statement. The range has been developed in collaboration with index provider MSCI to provide investors with sustainable income from high calibre companies, the firm added.

The BMO MSCI Emerging Markets Income Leaders UCITS ETF is listed on the London Stock Exchange and is managed by the firm’s London-based team. The team members have an average of 13 years’ experience in index and factor-based investing, BMO Global Asset Management said.

“As the low yield, low interest rate environment continues, investors’ focus on yield coupled with their concerns around volatility are only intensifying. At BMO Global Asset Management, our priority is to innovate and seek solutions to the challenges that investors are faced with and that is why we have created our ETF range to be fully aligned with investors’ needs,” said Rob Thorpe, head of UK intermediary at BMO Global Asset Management.

According to the group, BMO became the first Canadian bank to offer ETFs in Europe in 2015.

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