Here are new BMO ETFs for Canadian investors

Article Excerpt

BMO recently added eight new ETFs to their already extensive Canadian lineup. Here’s a look at two of the new BMO ETFs now available to Canadian investors. BMO GLOBAL HEALTH CARE ETF $15.58 (NEO Exchange symbol BGHC) invests globally in publicly traded health care businesses. This actively managed ETF launched on June 26, 2023, and holds $1.5 million in assets so far. The management fee is a high 0.90%. U.S. companies make up 74% of the portfolio, followed by stocks from the U.K., Denmark, and Switzerland. Pharmaceuticals are the largest sub-group (35%), while healthcare equipment, biotechnology, and managed health care are other major sub-components. The ETF currently holds 39 stocks; top holdings include United Health, Eli Lilly, Merck, AstraZeneca, Novo Nordisk, Johnson & Johnson, and Boston Scientific. BMO GLOBAL INNOVATORS ETF $15.67 (NEO Exchange symbol BGIN) aims to invest globally in publicly listed companies involved in the development of innovative products, processes, or services. This includes those involved in artificial intelligence, biotechnology, and semi-conductors. This ETF launched on June 26, 2023, and has…