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Toronto-based BMO Asset Management Inc. has launched three risk-based asset allocation ETFs and four additional ETFs, the investment manager announced Friday.

The asset allocation ETFs are:

  • BMO Conservative ETF (ZCON), which targets exposure of 60% fixed income and 40% equity.
  • BMO Balanced ETF (ZBAL), which targets exposure of 40% fixed income and 60% equity.
  • BMO Growth ETF (ZGRO), which targets exposure of 20% fixed income and 80% equity.

The funds provide diversified exposure with quarterly rebalancing, notes Kevin Gopaul, global head of ETFs, BMO Global Asset Management, in a statement.

The firm is introducing another four ETFs:

  • BMO Ultra Short-Term US Bond ETF (ZUS.U, ZUS.V), which takes a conservative approach to U.S. dollar investing through U.S.-denominated corporate bonds with less than a year to maturity.
  • BMO Covered Call US Banks ETF (ZWK), an unhedged ETF designed to provide effective yield enhancement to U.S. bank exposure.
  • BMO NASDAQ 100 Equity Index ETF (ZNQ), an unhedged ETF that provides access to top 100 NASDAQ-listed non-financial companies.
  • BMO Equal Weight US Health Care Index ETF (ZHU), an unhedged fund designed to provide  access to health care in the U.S.

All seven ETFs began trading on the Toronto Stock Exchange today.