Two new ETFs for Canadian investors

Article Excerpt

This month we discuss a new, competitively priced ETF holding physical gold, as well as a fund aiming to ride the artificial intelligence wave. BMO GOLD BULLION ETF $34.29 (Toronto symbol ZGLD) aims to replicate the performance of the price of gold bullion, net of fees and expenses. It does this by investing in long-term holdings of unencumbered gold bullion in 400 troy ounce international bar sizes. The ETF does not speculate concerning short-term price changes and is not actively managed. The BMO Gold Bullion ETF launched on March 8, 2024, and holds $8.2 million in assets. The new ETF’s estimated MER is 0.23%. The fund competes for investor interest with other ETFs that hold physical gold. They include Canadian-listed ETFs, such as the Sprott Physical Gold Trust (symbol PHYS), with a 0.41% MER, as well as the iShares Gold Bullion ETF (symbol CGL), with its 0.55% MER. This BMO ETF is a buy for investors who want to own gold bullion. EVOLVE ARTIFICIAL INTELLIGENCE ETF $9.72 (Toronto symbol ARTI) invests in…