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BMO Sees ETF Assets Doubling on Market Growth, Hong Kong Entry

Posted on 18 June 2014

Bank of Montreal’s exchange-traded funds business, the second-largest in Canada, will double its assets to about C$30 billion ($28 billion) in five years as their lower fees draws an aging population, said Rajiv Silgardo, co-chief executive officer at BMO Global Asset Management Inc.
“ETFs as a product still have lots of room to grow,” Silgardo said in an interview in Bloomberg’s Toronto bureau………………………………………..Full Article: Source


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