BMO Asset Management has expanded its exchange traded funds (ETF) suite with the launch of four new bond ETFs.
"These new offerings enable us to build on the success of our existing suite of ETFs and provide investors more choice when structuring their portfolios," says Kevin Gopaul, head, BMO Global Asset Management Canada, global head of ETFs and chief investment officer, BMO Asset Management. "With one of the broadest and fastest-growing ETF suites among Canadian providers, these new funds further solidify our position as a market-leader in smart beta and solutions-based ETFs."
The new BMO Canadian High Dividend Covered-Call ETF (Ticker: ZWC) is designed for investors looking for higher dividend-paying Canadian securities with the additional of yield through a covered call overlay. It will complement BMO AM's existing suite of covered call ETFs.
The BMO US Put Write Hedged to Canada ETF (Ticker: ZPH) is designed to provide investors with exposure to the performance of a portfolio of put options on US large capitalisation equity securities to generate income. This ETF is now available in hedged, unhedged and USD to allow investors to choose their currency exposure.
The BMO US Preferred Share Index ETF (Ticker: ZUP/ZUP.U) and the BMO US Preferred Share Hedged to CAD Index ETF (Ticker: ZHP) are designed to invest in and hold the constituent securities of the Solactive US Preferred Share Select Index, providing investors exposure to the US preferred-share market with a smart-beta dividend yield screen. BMO US Preferred Share Index ETF and BMO US Preferred Share Hedged to CAD Index ETF are available in hedged, unhedged and USD to allow investors the flexibility to position their portfolio based on market views.