Why fund convergence leads to confusion, conflicts and costs – FINANCIAL NEWS-ecozik.com
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Why fund convergence leads to confusion, conflicts and costs

The Bank of Montreal is introducing a so-called robo-adviser service starting Jan. 18.

BMO ETFs, the second-largest exchange-traded-fund provider in Canada behind BlackRock’s iShares, earlier this summer introduced its BMO Canadian ETF Dashboard. Apart from monitoring ongoing developments ?in the market in Canada, the dashboard provides industry statistics along with a compendium of ETF-related articles that advisers, clients and investors generally may decide to consult or follow through around the actionable ideas supplied by various people engaged in the space.

It includes a table containing a summary of BMO mutual funds built to suit different investment necessitates that consist exclusively of ETFs, overwhelmingly those from BMO.

Lumping mutual funds and ETFs is definitely an ongoing rise in the industry and one that creates numerous issues Canadian investors should keep in your mind heading into 2016.

Fund convergence, in general, should mean lower costs for investors as ETFs replace mutual funds, but don’t go without any consideration.

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