BMO launches equity income-maximising ETFs

BMO launches equity income-maximising ETFs

BMO Global Asset Management has launched three exchange traded funds (ETFs) on the London Stock Exchange that track the FTSE 100, Euro Stoxx 50 and S&P 500 indices, and target a yield of 3 per cent over that of these indices. They are the first ETFs listed on a European exchange to use the process employed by active funds including Fidelity Enhanced Income (GB00B87HPZ94) and Schroder Income Maximiser (GB00BDD2F083), which currently yield around 7 per cent. 

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