BMO ETFs Leads Canadian ETF Industry in New Assets for Second Consecutive Year
- BMO accounted for 40 per cent of total 2012 Canadian ETF industry
- BMO ETF assets up 130 per cent in 2012; attracted $5 billion in net
- BMO S&P/TSX Capped Composite Index ETF (ZCN) top ETF industry fund
with $813 million in asset inflow
- BMO's extensive ETF line-up has grown to 48 funds in under four
TORONTO, ONTARIO -- (Marketwire) -- 01/25/13 -- BMO Asset Management
Inc. (BMO AM) today announced that its ETF business(i) led the
Canadian ETF industry in new assets for the second consecutive year
in 2012. BMO ETFs attracted $5 billion in net new assets, up 130 per
cent from the previous year. Overall, BMO accounted for 40 per cent
of all Canadian ETF new asset inflows for the year.(ii)
BMO S&P/TSX Capped Composite Index ETF (ZCN) topped the industry with
$813 million in inflows. ZCN is designed to replicatethe performance
of the S&P/TSX Capped Composite Index, the primary indicator for
Canadian equity markets.
BMO attributed its overall success to the organization's ability to
anticipate and address the needs of Canadian investors, by building a
line-up of core ETFs based on market leading indexes, thoughtful
sector ETFs, and innovative specialty solution ETFs. The product
suite has grown to 48 funds (including multiple industry firsts) in
under four years.
"The Canadian ETF industry has seen immense growth in the past year,
and we're thrilled to have been such a big part of its success," said
Kevin Gopaul, Senior Vice President and Chief Investment Officer, BMO
Asset Management Inc. "We're fortunate to have such a strong team of
professionals who share a collective commitment to product innovation
and also a comprehensive consideration of the use of these ETFs in
portfolio construction. We'll continue to address key investor needs
and we are looking forward to an equally successful 2013."
For more information on BMO ETFs, please visit www.bmo.com/etfs.
Get the latest BMO press releases via Twitter by following @BMOmedia.
(i)BMO ETFs are managed and administered by BMO Asset Management
Inc., an investment fund manager and portfolio manager and a separate
legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with
investments in exchange traded funds. Please read the prospectus
before investing. The funds are not guaranteed, their values change
frequently and past performance may not be repeated.
(ii) According to Bloomberg industry data
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