TORONTO, June 10, 2021 /CNW/ - BMO Investments Inc. today launched BMO U.S. All Cap Equity Fund ETF Series (ZACE), which is actively managed by Brian Belski, Chief Investment Strategist, BMO Capital Markets.
This fund's objective is to provide long-term capital growth by investing primarily in equity securities of U.S. companies of any size of market capitalization.
To support this objective, it uses a model encapsulating Mr. Belski's latest U.S. strategy research regarding the S&P 1500, sectors, industries, and style preferences. The portfolio tactically incorporates various investment styles based on the market cycle and Mr. Belski's broad strategy opinions.
"We're pleased to be expanding our BMO U.S. All Cap Equity Fund to ETF investors," said Mark Raes, Head of Product, BMO Global Asset Management Canada. "By leveraging Brian's renowned market expertise, we're able to offer investors a fund that captures best idea investments across the market capitalization spectrum using his latest U.S. strategy views."
"It's an honour to have the opportunity to incorporate my team's market research into our first ETF series," said Brian Belski, Chief Investment Strategist, BMO Capital Markets. "As the second half of our 20-year secular bull market thesis for U.S. stocks begins, we believe bottom-up stock picking and active portfolio management will become an increasingly larger part of the overall equity portfolio management process and discipline."
Further information about BMO ETFs can be found at www.bmo.com/etfs.
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About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been a leading ETF provider in Canada for more than 11 years, with over 100 strategies, over 25 per cent market share in Canada1, and $80.6 billion in assets under management. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of active mutual funds.
1Morningstar, May 2021
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th 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.
SOURCE BMO Financial Group