BMO unveils new ETFs

Toronto-based BMO Global Asset Management (BMO AM) has added four exchange-traded funds to its lineup: BMO S&P/TSX Laddered Preferred Share Index ETF, BMO S&P/TSX Equal Weight Global Gold Index ETF, BMO S&P/TSX Equal Weight Industrials Index ETF and BMO S&P 500 Index ETF. BMO S&P/TSX Laddered Preferred Share Index ETF is designed to reduce the risk of changing interest rates by using rate resets while providing investors with portfolio diversification and tax-efficient dividend income. BMO S&P/TSX Equal Weight Global Gold Index ETF provides equal-weighted exposure to global gold companies. BMO S&P/TSX Equal Weight Industrials Index ETF provides exposure to a growth sector not previously offered in Canada while reducing the weighting of the largest companies in the underlying index. BMO AM now offers 48 funds.

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