REPEAT: BMO Financial Group's ETF Business Grows by $1 Billion in Two Months
- The ETF business has experienced double-digit growth since June 2012 and recently surpassed $7 billion in assets under management - Three innovative BMO ETFs capturing the attention of Canadian investors
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/29/12 -- BMO Financial Group today announced that its Exchange Traded Fund (ETF)(i) business has surpassed $7 billion in assets under management (AUM) and has grown by $1 billion (16 per cent) in the last two months alone.
"Our recent success has been driven by flows into ETFs which combine growth with attractive income," said Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO Asset Management Inc. (BMO AM). "We are extremely proud to have experienced such incredible growth over the last three years and will continue to build on this success by anticipating the needs of investors and delivering exceptional product offerings."
In June 2009, BMO AM, a member of BMO Financial Group, became the only bank-related entity in Canada to offer ETFs. In just over three short years, BMO AM's extensive ETF line-up has grown to 44 funds, including several industry firsts.
Recently, several funds in particular have been capturing the attention of investors:
"These three innovative ETFs, along with our full line-up of product offerings, continue to provide Canadian investors with wider choices and greater access to an extensive portfolio of investment products," added Mr. Gopaul.
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(i)BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.
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About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media contacts:
Amanda Robinson, Toronto
416-867-3996
Valérie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Unternehmensinformation / Kurzprofil:
Datum: 29.08.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 178646
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Insurance
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"REPEAT: BMO Financial Group's ETF Business Grows by $1 Billion in Two Months"
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