Toronto-based BMO Investments Inc. on Tuesdy announced the launch of its initial actively-managed ETF Series units for BMO Global Strategic Bond Fund, BMO Global Multi-Sector Bond Fund, BMO Core Plus Bond Fund and BMO Women in Leadership.
“Building on the success of BMO’s lineup of passive ETFs, we’re launching the active ETF Series to give investors more options in terms of global exposure and income solutions,” says Kevin Gopaul, head of BMO Global Asset Management Canada, in a statement.
“With these ETF Series, we’re confident that we’re staying true to the values of the traditional ETF: good liquidity, the right amount of transparency and the right pricing.”
The funds are as follows:
> BMO Global Strategic Bond Fund – ETF Series (Ticker: ZGSB) provides a multi-sector approach to global credit investing, including U.S. investment grade and global high yield bonds and debentures, and emerging market debt, designed to achieve better long-term risk-adjusted returns for investors.
> BMO Global Multi-Sector Bond Fund – ETF Series (Ticker: ZMSB) is designed to invest around the world in fixed income securities, including government bonds, securitized debt, investment grade bonds, high yield bonds and emerging market debt. The series will rotate between these sectors when the assessment of value changes.
> BMO Core Plus Bond Fund – ETF Series (Ticker: ZCPB) has a core Canadian bond strategy with the ability to invest in foreign bonds, emerging market debt and high yield bonds to enhance yield and provide diversification benefits.
> BMO Women in Leadership Fund – ETF Series (Ticker: WOMN) is an equity fund consisting of a portfolio of companies with both gender-diverse leadership and a commitment to gender diversity.
The offering of the new ETF series has closed and units began trading on the Toronto Stock Exchange on Tuesday.