These three ETFs rely on asset allocation

Article Excerpt

Fund providers in Canada and the U.S. continue to actively introduce new ETFs. This month we highlight three recent additions. Bank of Montreal (BMO) recently launched three asset allocation ETFs that invest in other BMO ETFs. Each of the three ETFs acts as “fund of funds,” with its low 0.20% MER factoring out the underlying fees of its component funds. BMO CONSERVATIVE ETF $31.31 (Toronto symbol ZCON) is designed to provide income and moderate long-term capital appreciation by investing in global equity and fixed-income ETFs. It holds roughly 60% of its assets in BMO bond ETFs and 40% in stock ETFs. BMO BALANCED ETF $31.45 (Toronto symbol ZBAL) aims to provide moderate long-term capital appreciation and income by investing in global equity and fixed-income ETFs. This fund holds roughly 40% of its assets in BMO bond ETFs and 60% in stock ETFs. BMO GROWTH ETF $31.59 (Toronto symbol ZGRO) targets long-term capital appreciation by investing in global equity and fixe-income funds. This ETF holds roughly 20% of its assets in BMO bond…

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