BMO Investments Inc. launched a new U.S. equities ETF on Thursday.
The BMO U.S. All Cap Equity Fund ETF Series provides long-term capital growth by investing in equity securities of U.S. companies of any market capitalization.
The fund is actively managed by Brian Belski, chief investment strategist, BMO Capital Markets, and uses a model based on Belski’s U.S. strategy research of the S&P 1500, sectors, industries and style preferences.
“By leveraging Brian’s renowned market expertise, we’re able to offer investors a fund that captures best idea investments across the market capitalization spectrum using his latest strategy views,” said Mark Raes, head of product, BMO Global Asset Management Canada, in a release.
The ETF has a management of 0.75% and is available on the Toronto Stock Exchange.