BMO Asset Management has launched two new exchange traded funds (ETFs) to its existing suite of low volatility ETFs.
The new ETFs seek to provide investors with currency hedged access to U.S. and international markets and aim to navigate market volatility.
"These new listings build on our successful suite of low volatility ETFs and are structured to help manage the highs and lows of the markets," says Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO Asset Management Inc. "Our unique methodology seeks to provide investors with lower risk than the broad market while still offering growth opportunities."
Gopaul adds that, by hedging currency exposure, the new ETFs provide investors with more choice in how they invest, depending on their currency views.
The offering of the new ETFs has closed, and they will begin trading on the Toronto Stock Exchange today:
BMO Low Volatility International Equity Hedged to CAD ETF (Ticker: ZLD): This ETF is designed for investors looking to invest in international equities with greater downside protection than market capitalization weighted products. The currency exposures are hedged back to Canadian dollars.
BMO Low Volatility US Equity Hedged to CAD ETF (Ticker: ZLH): This ETF is designed for investors looking to invest in U.S. equities with greater downside protection than market capitalisation weighted products. The U.S. dollar currency exposure is hedged back to Canadian dollars.
With the addition of these two ETFs, BMO AM now offers more than 70 listings, including six in its low volatility suite. Since launching its first ETFs in 2009, BMO AM has captured the most inflows in the Canadian ETF industry for the last five consecutive years.