TORONTO, Jan. 21, 2020 /CNW/ – BMO Asset Management Inc. today announced the launch of seven ESG (environment, social and governance) ETFs, including the first balanced ESG ETF in Canada.
“A recent BMO survey shows investors recognize the financial benefit of investing with an ESG lens and are increasingly looking for solutions that align with both their financial and social values.” said Kevin Gopaul, Global Head of ETFs, BMO Global Asset Management. “As an asset manager we have a responsibility to drive and encourage positive change, from active ownership and ESG integration across investments, to product development. This launch of ESG ETFs delivers the full range of solutions and an all-in-one-basket across broad markets that aligns with BMO’s responsible investing strategy.”
Initial results of BMO Asset Management’s ESG Beliefs and Behaviors Survey* found 78 per cent of high income and high net worth investors are ESG leaning, with 22 per cent actively investing in ESG and 72 per cent strongly agreeing that companies can have positive impact and make a profit. Further, 68 per cent of the respondents strongly agreed that companies should be held accountable for good management and sustainable business practices.
BMO Asset Management Inc.’s new ETFs include: