BMO Global launches first funds in Asia
The Canadian fund manager, part of Bank of Montreal, is eyeing the upcoming mutual recognition scheme with a new trio of new ETFs set to launch this week in Hong Kong.
BMO Global Asset Management is set to list three exchange-traded funds in Hong Kong next week – the Canadian firm’s first product launches in Asia – with an eye on the pending mutual recognition scheme.
The Hong Kong-domiciled ETFs will provide exposure to Asian investment-grade bonds, Hong Kong bank stocks and high-dividend Asian equities. They will physically replicate indices from Barclays and Nasdaq and are expected to start trading on November 13.
The firm has also started …
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