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BMO Asset Management has launched a new class of U.S. dollar units of BMO US High Dividend Covered Call ETF, making it more convenient for Canadians who want to use U.S. dollars to invest.

Read: Canadians choose fixed-income over equity ETFs

“The U.S. market is becoming increasingly popular for Canadian investors,” says said Kevin Gopaul, CIO and SVP, BMO Asset Management. “Many are seeking different ways to participate in it whether through the purchase of Canadian Dollar hedged units, Canadian Dollar unhedged units, or U.S. Dollar units. ETFs that are listed in Canada, but offered in U.S. dollar units, provide investors who are looking for U.S. exposure easy access and tax-effective solutions.”

The offering of the USD Units of BMO US High Dividend Covered Call ETF has closed, and it will begin trading on the Toronto Stock Exchange today.

Also read:

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Canada’s ETF industry booming

Originally published on Advisor.ca

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