BMO adds more ETFs to its product shelf

BMO Asset Management Inc. has launched four ETFs, expanding both its environmental, social and governance (ESG) and currency lineups.

Two of the offerings are tied to the new BMO ESG High Yield US Corporate Bond Index ETF. That fund is available as both unhedged and hedged, with the latter units designed “to provide investors protection from U.S. currency exposure,” a release said.

The other two launches are new ETF series: the BMO Nasdaq 100 Equity Index (USD Units) and the BMO High Yield US Corporate Bond Index ETF (USD Units).

The ESG funds will help investors who want to “further integrate ESG into their portfolios,” while the two new currency series will help those with U.S.-dollar portfolios, said Mark Raes, head of product at BMO Global Asset Management Canada, in the release.

Staff

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