BMO Investments Inc. has launched ETF Series units of the BMO Market+ International Equity Fund, trading on Cboe Canada under the ticker ZMPI. The fund seeks long-term capital growth by investing primarily in equities of companies outside Canada and the United States or those with international exposure. The initial offering of ETF Series units has closed, and the units are now listed and trading on Cboe Canada. This launch broadens the suite of BMO Market+ ETF strategies, which aim to balance broad market efficiency with a systematic fundamental equity analysis model.
Bank of MontrealBMO launches ETF series, a capital markets product expansion, but impact on Bank of Montreal is indirect and limited.