The Bank of Montreal (BMO) has added nine ETFs to its range, including currency-hedged funds tracking China and India.
The latest range consists of the BMO China Equity Hedged to CAD fund and the BMO India Equity Hedged to CAD fund.
BMO has launched three fixed income ETFs, comprising the BMO Mid Corporate Bond Index fund, the Long Corporate Bond Index fund and the Aggregate Bond Index fund.
The new line-up also includes ETFs providing exposure to specific industries, including the BMO Global Infrastructure Index fund, the Equal Weight Utilities Index fund, the Nasdaq 100 Equity Hedged to CAD Index fund and the Junior Gold Index fund.
The ETFs are managed and administered by Jones Heward Investment Counsel, which is a subsidiary of BMO.
Jones Heward CEO and co-CIO Rajiv Silgardo says: "We believe there is a need for investors to have access to certain growth areas such as China and India as well as to the technology space through the BMO Nasdaq 100 Equity Hedged to CAD Index ETF."
He says there is a need to provide this exposure without the risk of currency fluctuations, which is why certain funds are currency hedged.
He adds: "We see great opportunity for investors in the junior gold space given historically high gold prices, as well as in the more defensive utilities sector."
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till