BMO adds four income ETFs

BMO Asset Management has added four new ETFs, focused on generating income with a range of risk levels, ranging from a straight-up basket of dividend stocks to ETFs that employ covered call strategies.

“We are constantly striving to provide investors with new and innovative products, many of which are industry firsts,” said Kevin Gopaul, vice-president and chief investment officer, BMO Asset Management Inc. “Canadians have told us that they want more income from their investments; we have answered this demand by introducing four new ETFs that are timely, transparent, low in cost and provide exposure to diverse sectors and markets.”

The BMO Canadian Dividend ETF provides exposure to a yield-weighted portfolio of Canadian dividend-paying stocks.

The BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF provides currency hedged exposure to the companies that make up the Dow Jones Industrial Average, while potentially earning call option premiums.

BMO Covered Call Utilities ETF allows investors to access a portfolio of Canadian utilities companies, including telecoms and pipelines, while potentially earning call option premiums.

The BMO Low Volatility Canadian Equity ETF seeks to provide long term capital growth, with less volatility than the broad market, through exposure to a weighted portfolio of lower beta Canadian stocks.

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