BMO Asset Management (BMO AM) has added four exchange traded funds (ETFs) to its offering, expanding its sector suite with the addition of key global exposures.
"Investors are continuing to recognise the benefits of using ETFs for sector strategies, and we are excited to have expanded our suite," says Kevin Gopaul, head, BMO Global Asset Management Canada, global head of ETFs and chief investment officer, BMO Asset Management. "We have focused on key global exposures, consumer discretionary and consumer staples, where investors benefit from growing consumer purchasing power, banks which provides access to global economic growth and insurance where investors can benefit from a rising rate environment."
The offering of the new ETFs has closed, and they have begun trading on the Toronto Stock Exchange.
The BMO Global Banks Hedged to CAD Index ETF (BANK) is designed to invest in securities of the Russell Developed Large Cap Banks Capped 100 per cent Hedged to CAD Index, providing investors with exposure to global banks.
The BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC) is designed to invest in securities of the Russell Developed Large Cap Consumer Discretionary Capped 100 per cent Hedged to CAD Index, providing investors with exposure to global consumer discretionary companies.
The BMO Global Consumer Staples Hedged to CAD Index ETF (STPL) is designed to invest in securities of the Russell Developed Large Cap Consumer Staples Capped 100 per cent Hedged to CAD Index, providing investors with exposure to global consumer staples.
The BMO Global Insurance Hedged to CAD Index ETF (INSR) is designed to invest in securities of the Russell Developed Large Cap Insurance Capped 100 per cent Hedged to CAD Index, providing exposure to global insurance companies.
