BMO Asset Management Inc. Thursday launched a new class of U.S. dollar units of its exchanged-traded fund (ETF), BMO US High Dividend Covered Call ETF (TSX:ZWH.U).

This comes at a time when the U.S. market is becoming increasingly popular with Canadian investors and provides an option for investors looking for different ways to participate in that market, says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management.

“ETFS that are listed in Canada, but offered in U.S. dollar units, provide investors who are looking for U.S. exposure easy access and tax-effective solutions,” Gopaul adds.

The addition of ZWH.U to BMO ETFs’ lineup expands the number of BMO ETFs that offer U.S. dollar units to five:

  • BMO US High Dividend Covered Call ETF (ZWH.U)
  • BMO S&P 500 Index ETF (ZSP.U)
  • BMO US Dividend ETF (ZDY.U)
  • BMO Low Volatility US Equity ETF (ZLU.U)
  • BMO Mid-Term US IG Corporate Bond Index ETF (ZIC.U)

The offering of the USD Units of BMO US High Dividend Covered Call ETF has closed, and the units begin trading on the Toronto Stock Exchange Thursday.