Toronto-based BMO Asset Management Inc. is expanding its lineup of low-volatility exchange-traded funds (ETF) with the addition of two ETFs that seek to provide currency-hedged access to U.S. and international markets.
BMO Low Volatility U.S. Equity Hedged to CAD ETF and BMO Low Volatility International Equity Hedged to CAD ETF will grant investors access to equities with greater downside protection than market capitalization-weighted products. The currency exposures of both ETFs are hedged back to the Canadian dollar.
“These new listings build on our successful suite of low-volatility ETFs and are structured to help manage the highs and lows of the markets,” says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management Inc. “Our unique methodology seeks to provide investors with lower risk than the broad market while still offering growth opportunities.”
The ETFs began trading on the Toronto Stock Exchange on Wednesday.