BMO Launches New Canada, U.S. ETFs

Michael Johnston — Fri, 05 Jun 2009 16:04:54 +0000

BMO Financial Group launched four ETFs on the Toronto Stock Exchange Thursday, making the company the first major Canadian financial group to offer a family of ETFs. The new ETFs offer exposure to two major markets and three asset classes. The funds are: BMO Dow Jones Canada Titans 60 Index (BCA): Will track the Dow Jones Canada Titans 60 Index. BMA Dow Jones Diamonds Index (BDJ): Will track the Dow Jones Industrial Average. BMO U.S. Equity Index (BUE): Will track the Dow Jones U.S. Large-Cap Index. BMO Canadian Government Bond Index (BGB): Will track the Citigroup Canadian Government Bond Index. Both BDJ and BUE will hedge their exposure to U.S. dollars. Commenting on the launch of the ETFs, BMO president and CEO Gilles Oullette noted, “we are pleased to provide a home-grown Canadian investment option that can help investors achieve their financial goals.” BMO’s new ETFs will likely compete with several existing [...]

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BMO Launches New Canada, U.S. ETFs

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