BMO Global Asset Management, a part of BMO Financial Group, has rolled out its first Exchange Traded Funds (ETFs) in Europe in a bid to meet the evolving needs of investors.
The firm has launched four corporate bond ETFs with different maturity bands and five income equity funds for the fixed income market.
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Listed on the London Stock Exchange, the funds are aimed to target UK and European investors.
The four global corporate bond ETFs will diversify investors exposure to global investment grade corporate bonds and high yield bonds, while the five equity ETFs will generate high quality income for investors.
The new range will include three global corporate bond ETFs across a range of maturity bands as well as a global high yield ETF, all of which track the Barclays Very Liquid Index, a subset of the Barclays Global Aggregate Bond Index.
The five equity ETFs form a new range called Income Leaders and track new indices developed with MSCI that list companies that pay higher than average dividend yields.
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By GlobalDataManaged by BMO Global Asset Management’s London-based team, the new ETFs are listed in sterling and those that invest in non-sterling investments are offered as sterling-hedged funds to reduce this currency risk.
BMO Global Asset Management (EMEA) CEO Richard Wilson said: "Building on this momentum, we have used our experience managing ETFs in Canada and Hong Kong to develop and deliver a tailored offering for European investors, marking another step in delivering on the ambitious plans we have for the business."
BMO Global Asset Management head of ETFs Kevin Gopaul said: "Our bond ETFs provide investors with the ability to diversify their exposure through global corporate bonds and high yield bonds. These are the first ETFs to offer a range of specific global corporate bond maturity bands, allowing investors to position their portfolios more precisely on the yield curve."
