Canadian manager BMO Global Asset Management has launched nine ETFs targeting UK and European investors. The ETFs, all UCTIS compliant, are listed on the London Stock Exchange and registered in Ireland. Three of them are global corporate bond ETFs, one is global high yield and five are equity ETFs. Amongst the equity ETFs BMO offers exposure to the US, Europe ex-UK and the UK.
Richard Wilson, CEO, BMO Global Asset Management (EMEA), told InvestmentEurope “Establishing our ETF offering in Europe is a key strategic milestone for us as we continue to expand across the region.”
According to BMO, their fixed income offer will allow investors to more precisely position their fixed income exposure at a time when the world is preparing for the Federal Reserve to raise rates.
In regards to their equity offer, which follows MSCI indices, the Canadian bank reminds investors that their Income Leaders ETFs come in hedged and unhedged versions, allowing investors to implement active positions on currency.
BMO manages £10 billion across 60 ETFs and has over £160 billion assets under management (Over $226 billion as of July 2015).