BMO fires latest volley in price war

Second largest ETF provider positions itself as Canada's co-leader in low-cost investing.

Rudy Luukko 23 April, 2014 | 1:03AM
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Canada's two largest managers of exchange-traded funds are engaging in nickel and diming that investors can only applaud.

The latest volley in the ETF price war was fired by the second-largest player, BMO Asset Management Inc. It's slashing management fees on seven of its ETFs by anywhere from five to 20 basis points, effective April 30. (See table below.)

Announced on April 21, the fee reductions affect six equity funds and one fixed-income fund. In most cases, they match reduced management fees that took effect on March 25 at the $43.3-billion iShares ETF family sponsored by market leader BlackRock Asset Management Canada Ltd.

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About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.

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