BMO ETF Business Grows As Investors Seek Out Value and Innovation
- Low management fees range from 0.15% to 0.65% - BMO offers 40 ETFs with exposure to commodities, equities and fixed income - BMO's ETF business has grown to $3 billion in less than two and a half years
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/28/11 -- As the popularity of Exchange Traded Funds (ETFs) grow in Canada, BMO's portfolio of ETFs continues to offer a wide range of exposure to investors while also providing them with value and low management fees.
BMO's ETF business was launched in 2009 and, at the time, was the only bank affiliate to offer its own line-up of ETFs. Since then, BMO's ETF product line has grown to 40 funds and its assets under management (AUM) to more than $3 billion.
"The growth of our ETF business is a clear indicator that Canadian investors are seeking solid value from their investments," said Kevin Gopaul, VP & CIO, BMO Asset Management Inc. "Our ongoing commitment to evolving the ETF landscape, coupled with our desire to give investors innovative products, has resulted in a number of industry firsts and wide recognition."
ETFs and Their Advantages
In most cases, an ETF is an investment fund that is linked to a stock market index and seeks to replicate, to the extent possible, the performance of that particular index. An ETF can hold a variety of assets like stocks or bonds that match the index it is tracking. ETFs have numerous advantages to investors, including:
Contacts:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 28.09.2011 - 21:31 Uhr
Sprache: Deutsch
News-ID 70778
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Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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"BMO ETF Business Grows As Investors Seek Out Value and Innovation"
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BMO Financial Group and BMO Bank of Montreal (Nachricht senden)
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