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“For those in need of cost-efficient hedging solutions, we have added to our currency-hedged ETFs to allow investors to access the growth and diversity of non-Canadian markets without the added volatility often attributed to currency,” said Mr. Silgardo.
Dow Jones Indexes created five new indexes, which have been licensed to BMO as the basis for five of the ETFs.
“This is the first time Canadian investors will be able to monitor certain highly sought-after sectors with indexes that are created in a way that is unique to the Canadian market place,” said Michael A. Petronella, president designate, Dow Jones Indexes. “By licensing the indexes, BMO expands on its existing range of small-cap products. The large-cap indexes will provide investors with windows on sectors in which each company contributes equally to the performance of the index.”
The new indexes include: Dow Jones North America Select Junior Oil; Dow Jones North America Select Junior Gas; Dow Jones Canada Select Equal Weight REIT; Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market; and Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market.
The Dow Jones North America Select Junior Oil and the Dow Jones North America Select Junior Gas indexes will measure the performance of U.S. and Canadian companies in the oil and gas producers and the oil-equipment, services and distribution sectors. Both are weighted by float-adjusted market capitalization and reviewed on an annual basis in December.
The Dow Jones Canada Select Equal Weight REIT Index is designed to track an equal-weighted basket of Canadian REITS. The composition is reviewed semi-annually in June and December.
The Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market Index provides an equal weighted measure of U.S. large-cap stocks in the health care industry, while the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index provides an equal-weighted measure of U.S. large-cap banks. Both are reviewed semi-annually in March and September.
(05/26/10)
BMO Financial Group has announced the launch of eight new ETFs, bringing its current offering line-up to 30. The new offerings include three fixed income funds, as well as exposure to the energy and U.S. banking sectors.
“We are very excited about the most recent expansion in our ETF offering which reflects our ongoing commitment to providing Canadian investors greater access to global markets,” said Rajiv Silgardo, CEO of BMO Asset Management Inc. “These latest additions further diversify our offering in a number of areas, including the health care and oil and gas sectors, allowing Canadian investors the opportunity to capitalize on the ongoing growth in key industries.”
The new ETFs began trading today on the Toronto Stock Exchange, and include:
“For those in need of cost-efficient hedging solutions, we have added to our currency-hedged ETFs to allow investors to access the growth and diversity of non-Canadian markets without the added volatility often attributed to currency,” said Mr. Silgardo.
Dow Jones Indexes created five new indexes, which have been licensed to BMO as the basis for five of the ETFs.
“This is the first time Canadian investors will be able to monitor certain highly sought-after sectors with indexes that are created in a way that is unique to the Canadian market place,” said Michael A. Petronella, president designate, Dow Jones Indexes. “By licensing the indexes, BMO expands on its existing range of small-cap products. The large-cap indexes will provide investors with windows on sectors in which each company contributes equally to the performance of the index.”
The new indexes include: Dow Jones North America Select Junior Oil; Dow Jones North America Select Junior Gas; Dow Jones Canada Select Equal Weight REIT; Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market; and Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market.
The Dow Jones North America Select Junior Oil and the Dow Jones North America Select Junior Gas indexes will measure the performance of U.S. and Canadian companies in the oil and gas producers and the oil-equipment, services and distribution sectors. Both are weighted by float-adjusted market capitalization and reviewed on an annual basis in December.
The Dow Jones Canada Select Equal Weight REIT Index is designed to track an equal-weighted basket of Canadian REITS. The composition is reviewed semi-annually in June and December.
The Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market Index provides an equal weighted measure of U.S. large-cap stocks in the health care industry, while the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index provides an equal-weighted measure of U.S. large-cap banks. Both are reviewed semi-annually in March and September.
(05/26/10)
BMO Financial Group has announced the launch of eight new ETFs, bringing its current offering line-up to 30. The new offerings include three fixed income funds, as well as exposure to the energy and U.S. banking sectors.
“We are very excited about the most recent expansion in our ETF offering which reflects our ongoing commitment to providing Canadian investors greater access to global markets,” said Rajiv Silgardo, CEO of BMO Asset Management Inc. “These latest additions further diversify our offering in a number of areas, including the health care and oil and gas sectors, allowing Canadian investors the opportunity to capitalize on the ongoing growth in key industries.”
The new ETFs began trading today on the Toronto Stock Exchange, and include:
“For those in need of cost-efficient hedging solutions, we have added to our currency-hedged ETFs to allow investors to access the growth and diversity of non-Canadian markets without the added volatility often attributed to currency,” said Mr. Silgardo.
Dow Jones Indexes created five new indexes, which have been licensed to BMO as the basis for five of the ETFs.
“This is the first time Canadian investors will be able to monitor certain highly sought-after sectors with indexes that are created in a way that is unique to the Canadian market place,” said Michael A. Petronella, president designate, Dow Jones Indexes. “By licensing the indexes, BMO expands on its existing range of small-cap products. The large-cap indexes will provide investors with windows on sectors in which each company contributes equally to the performance of the index.”
The new indexes include: Dow Jones North America Select Junior Oil; Dow Jones North America Select Junior Gas; Dow Jones Canada Select Equal Weight REIT; Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market; and Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market.
The Dow Jones North America Select Junior Oil and the Dow Jones North America Select Junior Gas indexes will measure the performance of U.S. and Canadian companies in the oil and gas producers and the oil-equipment, services and distribution sectors. Both are weighted by float-adjusted market capitalization and reviewed on an annual basis in December.
The Dow Jones Canada Select Equal Weight REIT Index is designed to track an equal-weighted basket of Canadian REITS. The composition is reviewed semi-annually in June and December.
The Dow Jones U.S. Large-Cap Health Care Equal Weight Total Stock Market Index provides an equal weighted measure of U.S. large-cap stocks in the health care industry, while the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index provides an equal-weighted measure of U.S. large-cap banks. Both are reviewed semi-annually in March and September.
(05/26/10)
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