BMO launches global communications ETF

Morningstar Canada 9 May, 2018 | 12:00AM

BMO Global Communications Index (symbol: COMM), which provides diversified exposure to global industry leaders in communications equipment, gaming software, media and publishing services, telecommunications and web-based data sectors, opened for trading today on the Toronto Stock Exchange.

The exchange-traded fund seeks to replicate the performance of the Solactive Media and Communications Index, net of fees. The management fee of 0.35% covers most expenses.

The Solactive index will be rebalanced semi-annually. Examples of holdings include Apple Inc., Netflix Inc., Facebook Inc., Alphabet Inc., Walt Disney Co. and Time Warner Inc.

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