BMO to expand ETF lineup

BMO ETFs is looking to broaden the reach of its fund offering, reports ETFinsight.

The bank will add four ETFs if its preliminary prospectus is approved.

Read: BMO drops ETF fees

According to ETFinsight, the new funds would be:

• BMO S&P/TSX Equal Weight Industrials Index ETF (ZIN)
• BMO S&P/TSX Equal Weight Global Gold Index ETF (ZGD)
• BMO S&P500 Index ETF (ZSP/ZSP.U)
• BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR)

ZIN would focus on Canadian industrials and would be equally weighted.

ZGD would bridge the gap between the larger capitalization focused ETFs, and the Junior Gold stocks ETFs, says BMO.

ZSP and ZSP.U would provide further access to the Large Cap US S&P500 Index. These are non-hedged funds, with the ZSP trading in CAD and the ZSP.U trading in USD.

ZPR was created because the bank says preferred shares have attracted meaningful inflows in recent years, with the benchmark S&P/TSX Preferred Share Index ETF having seen its assets rise over the past year.

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