Bringing you live news and features since 2006 

BMO Financial Group’s ETF business grows by USD1bn in two months


BMO Financial Group’s exchange-traded fund business has surpassed USD7bn in assets under management and has grown by USD1bn (16 per cent) in the last two months alone.

“Our recent success has been driven by flows into ETFs which combine growth with attractive income,” says Kevin Gopaul (pictured), chief investment officer and senior vice president, BMO Asset Management. “We are extremely proud to have experienced such incredible growth over the last three years and will continue to build on this success by anticipating the needs of investors and delivering exceptional product offerings.”

In June 2009, BMO AM, a member of BMO Financial Group, became the only bank-related entity in Canada to offer ETFs. In just over three years, BMO AM’s ETF line-up has grown to 44 funds, including several industry firsts.

Recently, several funds in particular have been capturing the attention of investors:

BMO High Yield US Corporate Bond Hedge CAD Index ETF replicates as much as possible the performance of the Barclays Capital US High Yield Very Liquid Index CAD Hedged net of expenses. The US dollar currency exposure is hedged back to Canadian dollars.

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF provides exposure to a portfolio of Dow Jones Industrial Average companies while earning call option premiums. The fund invests in securities of the Dow Jones Industrial Average, and dynamically writes covered call options. The underlying portfolio is rebalanced to maintain better representation of the broad market and of American industry. Options are rolled forward upon expiry.

BMO Monthly Income ETF delivers the performance of the underlying basket of higher yielding BMO ETFs. ETFs are selected by having a higher yield than either the equity market represented by the BMO Dow Jones Canada Titans 60 Index ETF or the fixed income market represented by the BMO Aggregate Bond Index ETF. The holdings are weighted by yield, with 50 per cent investment in each of equity and fixed income and a cap of 20 per cent for each security with a range of six to 10 ETFs. The ETF is rebalanced quarterly and reconstituted semi-annually in June and December.

Latest News

Short and leveraged ETP issuer, Leverage Shares, has announced that the positive yields on its range of inverse products have..
Global X ETFs has announced the launch of four China-related funds on London Stock Exchange: The Global X China Electric..
Fineqia International Inc has announced that its subsidiary, Fineqia AG, has received approval of its base prospectus by the Liechtenstein..
F/m Investments has announced the launch of five new single-bond ETFs, completing the full suite of offerings within the US..

Related Articles

Vishal Kapoor, Bandhan Mutual Fund
ETF Express reported on a couple of ETF launches in India over the last couple of weeks, including the new...
ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by