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ETF provider throws in the towel

Index tracking funds and ETFs
Lemon Quarter
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ETF provider throws in the towel


Postby hiriskpaul » November 28th, 2019, 1:34 pm

BMO pulls out of Europe: ... -etf-game/

Scale is critical to making any money with ETFs and BMO failed to achieve it. I suspect we may see a few more tiddlers disappear before long.

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Joined: November 29th, 2019, 10:13 pm

Re: ETF provider throws in the towel


Postby Fireseeker » November 29th, 2019, 11:13 pm

This is a real disappointment since BMO were offering some of the most innovative ETFs on the market.

In particular, their Enhanced Income ETFs (e.g. ZWUK) through the use of dynamic call options provided not only enhanced yield when the market was moving sideways but also offered a measure of defensive protection against falling markets. An extremely useful passive investment tool and one that, as far as I'm aware, has not been replicated. The fees were also reasonable compared to other smart beta ETFs and a great pity that BMO have not shown much staying power as I'm sure the market for these would have grown in time.

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