BMO Financial Group has expanded its exchange traded funds (ETF) product line by adding additional nine ETFs to its existing products. This brings the total number of ETF offerings by BMO to 13.
The new BMO ETF products are BMO Short Federal Bond Index ETF (ZFS), BMO Short Provincial Bond Index ETF (ZPS), BMO Short Corporate Bond Index ETF (ZCS), BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY), BMO S&P/TSX Equal Weight Banks Index ETF (ZEB), BMO S&P/TSX Equal Weight Oil & Gas Index ETF (ZEO), BMO International Equity Hedged to CAD Index ETF (ZDM), BMO Emerging Markets Equity Index ETF (ZEM), and BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT).
Gilles Ouellette, president and CEO of BMO Private Client Group, said: “We are excited to announce the expansion of our ETF product line. It is part of BMO’s commitment to providing our clients with the most diverse group of products, solutions, best education and support in the field of investments and a testament to our dedication to helping clients make sense of their finances.
“In order to bring our clients the best of the ETF world, we have brought on board one of the most experienced teams in Canada led by Rajiv Silgardo, with a history of ETF firsts and many years of experience in managing institutional and retail ETF strategies.”
Rajiv Silgardo, head of BMO ETFs, said: “BMO ETFs full suite of products provide our clients further options for diversification, liquidity, risk control and cost effectiveness, allowing them to select and implement the optimal combination of investments to help them build the right portfolio to help meet their unique investment goals.”
