BMO Asset Management has launched five new Exchange Traded Funds (ETFs) including the BMO Shiller Select US Index ETF (Ticker: ZEUS), a Canadian industry-first ETF that offers exclusive access to the Cyclically Adjusted Price Earnings (CAPE) methodology – an equal-weight strategy that combines value and momentum, leveraging the research of Professor Robert Shiller.
“The Shiller Barclays CAPE US Single Stock Index tracks seasoned companies – what I call ‘Old Standbys’ – that also show good value by the CAPE ratio,” says Robert Shiller, Professor of Economics and Finance at Yale University. “It is a different approach to value investing and was designed to identify stocks that are well established and relatively forgotten, with a long history of earnings but underpriced in the market.”
“We’re thrilled to draw upon Professor Shiller’s renowned scientific and academic research to offer this unique ETF,” says Kevin Gopaul, Head of Quantitative Strategies & ETFs, BMO Global Asset Management. “As a leading provider of ETFs, we are committed to offering solutions that go beyond traditional exposures while staying relevant in today’s market.”