BMO AM launches four ETFs

first_img Facebook LinkedIn Twitter BMO Asset Management Inc. (BMO AM) has introduced four Exchange Traded Funds (ETFs), which began trading on the Toronto Stock Exchange on Wednesday. The new ETFs provide investors exposure to international markets to capture growth opportunities outside of Canada, BMO AM said in statement. “Investors can benefit from choosing Canadian, U.S. and International exposure across the BMO ETF strategies, as well as currency hedged and unhedged versions,” said Kevin Gopaul, chief investment officer and senior vice president, BMO AM “We’re particularly excited about the new put write strategy; it showcases our ongoing innovation in the industry,” Gopaul added. BMO Low Volatility International Equity ETF (TSX: ZLI) is designed for investors who are seeking potential long-term growth through international equities with greater downside protection than market capitalization weighted products. It joins BMO AM’s existing suite of low volatility ETFs. BMO International Dividend Hedged to CAD ETF (TSX:ZDH) also seeks to provide the growth opportunities of international equities and is designed for yield-oriented investors. It complements BMO AM’s existing lineup of dividend ETFs. BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSX: ZWE) is for investors looking for higher dividend paying European securities with the addition of yield through a covered call overlay. It complements BMO AM’s existing suite of high dividend covered call ETFs. BMO US Put Write ETF, which is available in Canadian and U.S. dollar units (TSX:ZP2; TSX:ZPW.U), is the first put write ETF in Canada, according to BMO AM. This alternative income strategy writes put options on a basket of U.S. large capitalization equities to generate income with low correlation to other asset classes. With this announcement, BMO AM’s ETF business now has 63 ETFs and $22.9 billion in assets under management (AUM). Companies BMO Asset Management IE Staff Share this article and your comments with peers on social medialast_img

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