BMO fixed-income ETFs will soon be the cheapest

Morningstar Canada 16 June, 2016 | 4:00AM
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By the slimmest of margins, the BMO family of exchange-traded funds will soon have the two Canadian-listed fixed-income ETFs with the lowest management fees.

BMO Asset Management Inc. announced today that it will slash the management fees of BMO Aggregate Bond Index ZAG and BMO Discount Bond Index ZDB to nine basis points (0.09%), down from their current 20 basis points. This will leave the two BMO ETFs one basis point cheaper than two ETFs sponsored by Vanguard Investments Canada Inc. and one sponsored by TD Asset Management Inc.

The management fee for a third BMO fixed-income ETF -- BMO Short Corporate Bond ZCS -- will be reduced to 10 basis points, down from the current 0.12%.

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