INVESTMENT FUNDS REPORTER
The Canadian supermarket for exchanged-traded funds is about to get even bigger.
Bank of Montreal will launch a slew of specialty ETFs on Monday that will invest in emerging markets such as China and India and in sectors ranging from junior gold miners, utilities and infrastructure to the Nasdaq Stock Market.
BlackRock Asset Management Canada, which offers the iShares Canada ETFs, has also filed a prospectus for China and India ETFs.
BMO, which entered the ETF space in mid-2009 under the direction of Rajiv Silgardo, who helped build up the iShares Canada ETF business, has filed a prospectus for nine more offerings. The newest equity ETFs include:
BMO China Equity Hedged to CAD (Toronto Stock Exchange symbol: ZCH);
BMO India Equity Hedged to CAD (ZID);
BMO Junior Gold (ZJG);
BMO Equal Weight Utilities (ZUT);
BMO Global Infrastructure (ZGI); and
BMO Nasdaq 100 Equity Hedged to CAD (ZQQ).
The bank is also set to launch fixed-income ETFs that include:
BMO Mid Corporate Bond (ZCM);
BMO Long Corporate Bond (ZLC); and
BMO Aggregate Bond (ZAG).