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BMO ETFs pass USD3bn AUM

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BMO Financial Group’s Exchange Traded Funds (ETF) business has passed USD3 billion in assets under management (AUM) less than two and a half years after the business was initially launched. BMO Financial Group’s ETF business has doubled in 2011 alone.

"We are very proud of the success BMO ETFs have had in this short period of time," says Kevin Gopaul (pictured), Vice President and CIO, BMO Asset Management Inc. "Since we started in June 2009 as the only bank affiliate in Canada to offer its own line-up of ETFs, we’ve achieved a number of market firsts and have developed a diverse and extensive product portfolio."

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