ETF Management Fee Cut

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    BMO Asset Management Inc. will reduce the management fee that will be charged for some of its Exchange Traded Funds (ETF). Effective November 1, the maximum annual management fee for BMO S&P 500 Hedged to CAD Index ETF will be reduced by 31.8 per cent to 15bps and the maximum annual management fee for BMO Aggregate Bond Index ETF will be reduced by 28.6 per cent to 20bps. “We strive to provide the most competitive offerings in the marketplace and we are pleased with the success of these two funds,” said Kevin Gopaul, chief investment officer and senior vice president. “We will continue to anticipate the needs of our investors and will keep seeking opportunities to lower costs and increase growth where possible.”