Bringing you live news and features since 2006 

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

RELATED TOPICS​

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

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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