BMO Asset Management Expands their International ETF line up with the Solactive GBS Japan Index
FRANKFURT AM MAIN – International equities offer unique diversification opportunities for investors. BMO Asset Management, a leader in the Canadian market, delivers to investors this opportunity with the BMO Japan Index ETF (ZJPN/ZJPN.F). This ETF seeks to replicate the performance of the Solactive GBS Japan Large & Mid Cap Index.
The Solactive GBS Japan Large & Mid Cap Index is part of the Solactive Global Benchmark Series (GBS), which includes benchmark indices for 24 Developed and 26 Emerging Markets countries. The index intends to track the performance of the large and mid-cap segment, covering approximately the largest 85% of the free-float market capitalization of the Japanese market. The index is published in Japanese Yen (JPY) and is adjusted semi-annually. Additionally, IPOs can be included on a quarterly basis if they meet all selection criteria.
The ETF began trading January 27th on the Toronto Stock Exchange under the ticker symbol ZJPN and ZJPN.F.
“Exposure to the international markets is gaining popularity among domestic/local investors. The Solactive Global Benchmark Series offers a comprehensive framework of indices covering the global stock market. We are excited to be partnering with BMO, adding to their expanding equity line up.” Timo Pfeiffer, Chief Markets Officer at Solactive comments.
“BMO ETFs is proud to bring the first Solactive Japan Index to Canada with ZJPN and ZJPN.F; providing efficient access to one of the world’s largest economies,” said Kevin Gopaul, President and CCO of BMO ETFs. “This launch enables investors to gain exposure to a region driven by unique fundamentals and market drivers, which can help to properly diversify a portfolio.”