BMO InvestorLine has introduced two new features to to further help investors control their own financial futures, the online investing service said Wednesday.
BMO says the new ETF Screener and Compare Tool and the U.S. Currency Feature will enhance the way Canadians invest online, while accommodating the needs of every level of investor.
ETF Screener and Compare Tool
The new tool guides investors through the exchange traded fund selection process and makes researching ETFs easy. It provides a variety of search criteria, including asset class, ETF types and market (Canada or U.S.).
Once the criteria are selected, investors are provided with comprehensive information about selected ETFs including quotes, performance returns, fundamental data and risk and volatility ratios.
The tool also has a unique comparison feature that allows BMO InvestorLine clients to compare up to four ETFs from the search results on one chart, as well as view key features (top 10 holdings, performance, quote information, ratings) in a side-by-side comparison.
U.S. Currency Feature
Most registered accounts (including RRSPs and TFSAs) can now hold Canadian and U.S. dollars. Investors gain the flexibility to hold Canadian and U.S. dollars in one integrated account, giving them the option of settling trades in the currency of their preference.
With this feature, investors who frequently buy and sell securities in U.S. markets can also avoid foreign exchange fees by settling trades in U.S. dollars.
IE