BMO GAM reduces charges on eight ETFs

Benefit of 'economies of scale'

BMO Global Asset Management has reduced fees on the ETFs in its Income Leaders and corporate bond ranges, with cuts of up to 43%.

As a result of "economies of scale", the ongoing charges figures (OCFs) have been reduced by as much as 43% in the corporate bond range.  The OCFs on the three BMO Barclays Global Corporate Bond ETFs, which offer exposure to investment grade corporate bond ETFs, have been reduced from 30bps to 17bps.  In the five-strong Income Leaders range, which includes UK, Europe and US funds, OCFs have been reduced from 35-40bps to 25-30bps. These ETFs are designed to offer sustainable income and capital growth opportunities in a risk-controlled framework. BMO GAM snaps up ETF investment st...