Welcome!

Agile Computing Authors: Yeshim Deniz, Elizabeth White, Zakia Bouachraoui, Liz McMillan, Pat Romanski

News Feed Item

Five Years Since Listing of BMO's First Four ETFs on the TSX

- First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion

TORONTO, ONTARIO -- (Marketwired) -- 06/04/14 -- BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.

Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.

"It's been five years since we launched our first ETFs and we couldn't be more proud of what we've achieved in this short period of time," said Rajiv Silgardo, Co-CEO, BMO Global Asset Management. "We're currently among the top ETF providers in the country. We can attribute a large part of our ongoing success to our strong and experienced team, who are committed not only to creating and managing innovative cost-effective solutions but also to educating investors on the many benefits of ETFs."

Mr. Silgardo added, "We've built a diverse set of ETFs that resonate across investor types, inclusive of institutional, advisor, and retail clients. We have created our ETF suite to include innovative smart beta and specialty solutions and strongly competitive broad market benchmarked funds. In addition, we have launched a wide array of fixed income strategies.

"We look forward to the years ahead as we continue to meet our clients' ever-evolving needs and help them achieve their objectives of income, growth and full diversification."

Recent BMO ETF Business Milestones

December 2013 - BMO AM is awarded Best ETF Initiative by Morningstar, for promoting education and awareness in the ETF industry along with building relationships with the investing and advisor community.

February 2014 - BMO AM launches seven new equity and fixed income based ETFs, which help investors achieve their objectives of income, growth and diversification. Its line-up reaches 58 ETFs.

April 2014 - BMO AM reduces the maximum annual management fee on several of its ETFs, continuing to demonstrate its market leadership in delivering effective, cost-efficient solutions for its clients.

June 2014 - BMO AM's ETFs celebrate their fifth anniversary and reach $14.7 billion in AUM.

Further information about BMO ETFs can be found at www.bmo.com/etfs.

Get the latest BMO press releases via Twitter by following @BMOmedia

BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and investment fund manager and 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. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $582 billion and more than 45,500 employees at April 30, 2014.

Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
[email protected]

Valerie Doucet, Montreal
514-877-8224
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
"Avere Systems deals with data performance optimization in the cloud or on-premise. Even to this day many organizations struggle with what we call the problem of data gravity - 'Where should I put the data?' - because the data dictates ultimately where the jobs are going to run," explained Scott Jeschonek, Director Cloud Solutions at Avere Systems, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.