Bank of MontrealBMO
▲ PositiveCapitalrelevance
BMO launches a new ETF, expanding its product offerings and potentially generating fees.
Impact on stocks 1
Financials
Bank of MontrealBMO Asset Management Inc. has launched the BMO Asset-Backed Securities ETF, which began trading on the Toronto Stock Exchange under the tickers ZABS, ZABS.F, and ZABS.U for its CAD, hedged, and USD units, respectively. The fund aims to provide income while preserving capital by investing primarily in a diversified portfolio of asset-backed securities, including consumer and commercial ABS, collateralized loan obligations, and mortgage-backed securities. For the hedged units, the ETF will use derivatives to hedge foreign currency exposure. BMO Financial Group, the eighth largest bank in North America with total assets of $1.5 trillion as of July 31, 2026, manages the ETF through its asset management arm.
Bank of MontrealBMO launches a new ETF, expanding its product offerings and potentially generating fees.