BMO launches 4 ETFs

BMO Asset Management has introduced four new funds to its ETF product suite.

They are:

• the BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR)

Uniquely designed to reduce interest rate sensitivity compared to the preferred share market by using rate resets, while providing investors with portfolio diversification and tax-efficient dividend income.

• the BMO S&P/TSX Equal Weight Industrials Index ETF (ZIN)

Provides exposure to a growth sector not previously offered in Canada, while reducing the weight in the largest companies.

• the BMO S&P/TSX Equal Weight Global Gold Index ETF (ZGD)

Provides equal-weighted exposure to global gold companies.

• the BMO S&P 500 Index ETF (ZSP/ZSP.u)

Allows investors to access the U.S. equities market with exposure to U.S. currency movement, purchased either with Canadian or U.S. dollars.

Read: S&P, TMX Group launch 3 Canadian indices

Since its inception in May 2009, BMO’s ETF business has grown to 48 funds. These current offerings started trading today on the TSX.

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