Mr. Silvio Stroescu reports
BMO INVESTORLINE ANNOUNCES NO COMMISSION FEE ETFS FOR SELF-DIRECTED CLIENTS
Bank of Montreal will make more than 80 exchange-traded funds (ETFs) commission-free to self-directed InvestorLine clients based on certain eligibility requirements. The ETFs cover a broad range of asset classes, geographies, management styles and popular themes from Canada's largest ETF providers, including BMO, iShares and Vanguard.
"The Canadian ETF industry continues to expand and diversify as providers innovate in response to investor demand," said Silvio Stroescu, head, InvestorLine, BMO Financial Group. "These no-commission-fee ETFs have been carefully selected from the largest three Canadian ETF providers, enabling self-directed investors to build well-diversified portfolios, which aligns with our mission to empower and inspire Canadians to invest smart."
"ETFs are an important investing tool for Canadians to incorporate into portfolios," said Kevin Gopaul, president, ETFs, BMO Global Asset Management. "These funds offer investors many benefits, including flexibility in portfolio building, access to thematic sectors and a variety of asset classes. BMO has been a leader in the ETF space for over 10 years, and it's exciting to see InvestorLine continue to innovate in how investors access the funds."
The list of eligible ETFs to trade commission-free will be periodically reviewed and may be adjusted as the ETF landscape evolves. Investors can access eligibility requirements and a detailed list of no-commission-trading-fee ETFs through BMO InvestorLine through mobile, tablet and website.
About Bank of Montreal
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider -- the eighth-largest bank, by assets, in North America. With total assets of $950-billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and commercial banking, BMO Wealth Management, and BMO Capital Markets.
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