BMO Asset Management announced July 23 the launch of two new series of BMO MSCI USA High Quality Index ETF.
"This is a natural extension to our ETF lineup, as we have seen an increase in interest around the quality factor and its performance in the current market environment," said Mark Raes, Head of Product, BMO Global Asset Management Canada. "These new series will complement our shelf and provide investors with greater choice in terms of currency."
The new offerings are BMO MSCI USA High Quality Index ETF (Hedged Units) (ZUQ.F) and BMO MSCI USA High Quality Index ETF (USD Units) (ZUQ.U).
BMO AM says the ETF “delivers exposure to U.S. high quality stocks that are based on three main fundamental variables: high return on equity; stable year-over-year earnings growth; and low financial leverage.”
The offering of the new ETF series has begun trading on the TSX.
