Print this article
BMO Asset Management Launches Four New ETF Products
Eliane Chavagnon
21 November 2012
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.