BMO Asset Management has rolled out seven equity and fixed income based exchange-traded funds.

BMO Asset Management has rolled out seven equity and fixed income based exchange-traded funds.

“These new ETFs feature innovative approaches to fixed income investing, including new strategies and precise exposure. They also offer investors more international growth opportunities and include the first ETF in Canada that tracks a MSCI Quality Index,” said Kevin Gopaul, chief investment officer and senior vice president.

With these additions, BMO AM's ETF line-up now stands at 58 funds. According to a recent report by BMO Global Asset Management, the Canadian ETF industry continued to grow in 2013 and currently stands at $63.1 billion in AuM - up $5 billion over last year.

The new ETFs include:

•    BMO MSCI Europe High Quality Hedged to CAD Index ETF

•    BMO US High Dividend Covered Call ETF

•    BMO Equal Weight US Banks Index ETF

•    BMO MSCI EAFE Index ETF

•    BMO Discount Bond Index ETF

•    BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF and BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

•    BMO Floating Rate High Yield ETF