BMO Investments announced on Jan. 11 the launch of ETF Series units for the actively-managed BMO Tactical Dividend ETF Fund.
BMO Tactical Dividend ETF Fund – ETF Series (Ticker: ZZZD) invests primarily in dividend-paying ETFs and also capitalizes on short-term investment strategies. The offering of ETF Series units has begun trading on the TSX.
"Over the past 20 years, investors have increasingly needed to take a higher level of risk to maintain income and returns. With today's volatile markets, repositioning investments and risk management is more important than ever," said Mark Raes, Head of Product, BMO Global Asset Management. "Using ETFs, the fund can pivot efficiently to be aggressive or defensive depending on the markets, while letting the investor sleep well at night."
BMO Tactical Dividend ETF Fund is sub-advised by Larry Berman of ETF Capital Management.