The line-up includes a global insurance ETF, a fund-industry first
BMO Asset Management (BMO AM), which has consistently collected the most inflows in the Canadian ETF space since 2009, has launched four new global sector-exposed products — including an pioneering global insurance ETF.
“Investors are continuing to recognize the benefits of using ETFs for sector strategies, and we are excited to have expanded our suite,” said Kevin Gopaul, who is the head of BMO Global Asset Management Canada as well as global head of ETFs and chief investment officer at BMO Asset Management.
The four new ETFs, which have begun trading on the TSX, are:
According to Gopaul, DISC and STPL provides investors with exposure to growing consumer purchasing power worldwide. BANK gives access to global economic growth, while INSR lets investors benefit from rising interest rates.
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“Investors are continuing to recognize the benefits of using ETFs for sector strategies, and we are excited to have expanded our suite,” said Kevin Gopaul, who is the head of BMO Global Asset Management Canada as well as global head of ETFs and chief investment officer at BMO Asset Management.
The four new ETFs, which have begun trading on the TSX, are:
- BMO Global Banks Hedged to CAD Index ETF (BANK) – a fund invested in companies included in the Russell Developed Large Cap Banks Capped 100% Hedged to CAD Index, which focuses on global banks;
- BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC) – a fund invested in companies within the Russell Developed Large Cap Consumer Discretionary Capped 100% Hedged to CAD Index, which focuses on global consumer discretionary companies;
- BMO Global Consumer Staples Hedged to CAD Index ETF (STPL) – a fund invested in companies listed in the Russell Developed Large Cap Consumer Staples Capped 100% Hedged to CAD Index, which focuses on global consumer staples; and
- BMO Global Insurance Hedged to CAD Index ETF (INSR) – a fund invested in members of the Russell Developed Large Cap Insurance Capped 100% Hedged to CAD Index, which focuses on global insurance companies
According to Gopaul, DISC and STPL provides investors with exposure to growing consumer purchasing power worldwide. BANK gives access to global economic growth, while INSR lets investors benefit from rising interest rates.
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