BMO Financial Group today announced its ETF business has surpassed $7 billion in assets under management (AUM) and has grown by $1 billion (16%) in the last two months.
“Our recent success has been driven by flows into ETFs which combine growth with attractive income,” says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management Inc.
BMO first started offering ETFs in 2009 and its current ETF line-up offers 44 funds, including several industry firsts.
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