New series of high-quality index ETF opens more choice to investors
BMO Asset Management has introduced two new series for its 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 two latest series, both now listed on the TSX, are:
- BMO MSCI USA High Quality Index ETF (Hedged Units) (ZUQ.F)
- BMO MSCI USA High Quality Index ETF (USD Units) (ZUQ.U)
The BMO MSCI USA High Quality Index ETF offers exposure to U.S. high-quality stocks based on three primary fundamental criteria: high return on equity; stable year-over-year earnings growth; and low financial leverage. It can serve as a component of the core portfolio, or act as a diversifier within a portfolio of factor strategies.