The company claims that its new equity ETFs and new fixed income ETFs will allow investors to adjust the risk/return characteristics of their portfolio, as well as adjust their portfolio to address changing market conditions.
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"These additions to our ETF lineup build on our innovative existing ETFs and can help investors construct their portfolios more effectively," said Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management.
"Additionally, offering unhedged Canadian dollar units and U.S. dollar units on three of the ETFs will allow investors more choice in how they access different asset classes," Gopaul added.
According to a recent report by BMO Global Asset Management, ETFs enjoyed tremendous growth in 2012: at year-end, the Canadian ETF industry had approximately $56.4 billion in assets under management, up 33% from 2011. Canada had its largest ever annual inflows in 2012, at $12 billion.
According to Gopaul, 2013 is shaping up to be another banner year for Canadian ETFs.
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