BMO drops ETF fees

BMO Asset Management is reducing the management fee for two ETFs.

Effective on or about November 1, 2012, the maximum annual management fee for BMO S&P 500 Hedged to CAD Index ETF (ZUE) will be reduced by 31.8% to 15bps.

The maximum annual management fee for BMO Aggregate Bond Index ETF (ZAG) will be reduced by 28.6% to 20bps.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.