BMO Asset Management is launching four ETFs, including ones that offer exposure to high-quality or dividend-based equities and ones focusing on innovation in fixed income.
With these additions, BMO AM offers 62 ETFs. BMO Global Asset Management indicates 2014 has been a strong year for the Canadian ETF industry, which currently sits at $73 billion in AUM — up more than 15% from year-end 2013.
The new ETFs are now trading on the Toronto Stock Exchange.
BMO MSCI All Country World High Quality Index ETF (ZGQ): This ETF aims to give investors access to global companies with stable business models and competitive advantages.
BMO MSCI USA High Quality Index ETF (ZUQ): This ETF aims to give investors exposure to industry-leading U.S. companies.
BMO Equity Linked Corporate Bond ETF (ZEL): This ETF aims to provide investors with fixed-income exposure and an equity market upside. It invests in corporate bonds and buys equity market options.
BMO International Dividend ETF (ZDI): This ETF aims to provide exposure to large- and mid-capitalization international companies with a dividend yield.