BMO launches fixed income and commodity ETFs

The firm offers four Corporate Bond Target Maturity ETFs, with end dates of 2013, 2015, 2020 and 2025. All will hold a combination of BMO corporate bond ETFs that average out to match the target date, gradually transitioning to short term holdings as the maturity approaches. The BMO 2020 Corporate Bond Target Maturity ETF, for example, is currently weighted 82% in the company's Mid and 18% in its Long Corporate Bond Index ETFs, while the 2013 ETF is entirely invested in BMO's Short Corporate Bond Index ETF. BMO says these funds are the first of their kind from a Canadian issuer, as i...