BMO launches ETF focusing on tech and new media companies

BMO Asset Management has launched an ETF focused on technology innovation and new media trends in the communication services sector. The BMO Global Communications Index ETF is the first in Canada to give investors access to companies in the communications equipment, gaming software, media and publishing services, telecommunications and web-based data sectors, a BMO release […]

By Staff | May 8, 2018 | Last updated on May 8, 2018

1 min read

BMO Asset Management has launched an ETF focused on technology innovation and new media trends in the communication services sector.

The BMO Global Communications Index ETF is the first in Canada to give investors access to companies in the communications equipment, gaming software, media and publishing services, telecommunications and web-based data sectors, a BMO release said. Some of the holdings in the fund include Apple, Netflix, Facebook, Alphabet (Google), the Walt Disney Company and Time Warner.

The fund began trading Tuesday on the Toronto Stock Exchange with the ticker COMM.

BMO’s ETFs now have 74 ETF strategies in Canada, the release said.

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