BMO launches four new sector strategy ETFs

Jess Morgan 7 April, 2017 | 5:00PM

The lineup of exchange-traded funds at BMO Asset Management (BMO AM) grows to 90 today with the launch of four new global sector strategies on the Toronto Stock Exchange (TSX).

The four new ETFs track sector-specific indices created by Russell Investments, all offering currency-hedged exposure to large-cap financial services and consumer stocks from developed countries:

BMO Global Banks Hedged to CAD Index (BANK). This is the second global bank ETF to launch in Canada, following the introduction of Hamilton Capital Global Bank ETF (HBG) in January 2016.

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About Author

Jess Morgan

Jess Morgan  Jess Morgan is the associate editor of Morningstar Canada’s website. She began her career as a television producer and freelance writer, often making appearances on TV and radio as a commentator on politics and culture. She holds a BA in communications from the University of Winnipeg and a diploma in Creative Communications from Red River College.