BMO Asset Management Inc. (BMO AM) has launched five new Exchange Traded Funds, including three Canadian fixed income ETFs.
“As one of the top 10 fixed income ETF providers globally, we’re excited to build on our successful and comprehensive suite,” says Kevin Gopaul, Head of BMO Global Asset Management Canada. “We recognise that investors are searching for solutions in a rapidly changing fixed income market. We deliver tailored ETFs that are as wide or as precise as investors’ needs to build the best possible portfolios.”
The offering of the new ETFs has closed, and they are now trading on the Toronto Stock Exchange today:
The BMO Short-Term Bond Index ETF (ZSB) offers exposure to 1-5 year Canadian investment grade bonds.
The BMO Corporate Bond Index ETF (ZCB) offers exposure to Canadian investment grade corporate bonds across all sectors and maturities.
The BMO Government Bond Index ETF (ZGB) provides investors with exposure to Canadian federal, provincial and municipal bonds across all sectors and maturities.
In addition, BMO has added hedged and unhedged options to the following existing ETFs:
The BMO Europe High Dividend Covered Call ETF (ZWP) offers exposure to a portfolio of dividend paying European companies with a covered call overlay.
The BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS) provides exposure to a portfolio of dividend paying US companies with a covered call overlay.