BMO to launch 7 new ETFs

BMO has filed with regulators to launch seven new funds, says National Bank Financial in an industry note.

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The seven funds are:

• BMO U.S. High Dividend Covered Call
• BMO Equal Weight U.S. Banks Index
• BMO MSCI EAFE Index
• BMO European Equity Hedged to CAD
• BMO Discount Bond Index
• BMO Floating Rate High Yield
• BMO Short-Term U.S. IG Corp. Bond CAD-H

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Stated management fees on the funds range from 0.20% to 0.65%. NBF notes that BMO’s European Equity Hedged to CAD ETF would be the first Europe developed markets equity ETF in Canada.

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Staff

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