BMO Asset Management Inc. (BMO AM) has launched an exchange-traded fund that focuses on technology innovation and new media trends in the communications services sector.
The BMO Global Communications Index ETF (Ticker: COMM) provides investors with access to companies in the communications equipment, gaming software, media and publishing services, telecommunications and web-based data sectors. Some of the holdings in the fund include Apple Inc., Netflix Inc., Facebook Inc., Alphabet Inc. (Google), The Walt Disney Company and Time Warner Inc.
"This ETF provides investors with a unique balance of global companies that are reshaping and driving the market through communications, technology and new media," said Kevin Gopaul, Head of BMO Global Asset Management Canada.
The fund began trading on the Toronto Stock Exchange May 8.