BMO launches new U.S. ETF series
Brian Belski, chief investment strategist of BMO Capital Markets, will act as the fund's manager
- By: IE Staff
- June 10, 2021 June 10, 2021
- 12:27
Brian Belski, chief investment strategist of BMO Capital Markets, will act as the fund's manager
The backdrop is depressing but managers can still find positive returns
The largest increases in consumer debt were in British Columbia and Ontario
The fund company has finalized the merger and renaming of certain funds
Canadian ETF monthly inflow reaches the highest level in a year
The ETF tracks the S&P Green Bond U.S. Dollar Select Index
Eligible clients can choose from more than 80 ETFs from BMO, iShares and Vanguard
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65
The fund seeks to provide stable income with a low correlation to equities and bonds
Both funds, which invest in India, will be closed by the end of July
The asset management firm is also closing classes of multiple funds
The fund will now use a proprietary factor model to minimize volatility
The new funds focus on technology stocks listed on the Nasdaq
One in four clients reported having at least one problem with their firms over the past 12 months
The firm also announced risk rating changes and new series for other funds
The asset manager said a fixed fee will offer “greater predictability and transparency”
The planned closure of Capitalcorp will affect 34 corporate class mutual funds
The firm is discontinuing both options for its imaxx mutual funds at the end of June
Three new funds support global efforts tied to decarbonization and mitigating climate risk
The new funds invest in energy, alternative health and fixed income securities
The company also announced fee reductions for three other funds
Mackenzie Investments is the ETF's trustee and portfolio manager
Revised allocation to redeemers legislation appears in the 2021 budget implementation bill
The fund's carbon intensity is 40% less than that of the S&P/TSX Composite index, the firm says
Breaking down the strategies of Canadian funds shows a variety of approaches to generating lower-risk returns