BMO Asset Management Inc. launched the BMO Strategic Autocallable Income US Large Cap ETF on the Toronto Stock Exchange, offering CAD, hedged CAD, and USD units. The fund invests primarily in single-stock autocallable derivatives on large-cap U.S. equities and is structured as an alternative mutual fund. The product expands BMO's toolkit for investors seeking regular distributions through structured solutions and adds a higher-complexity, derivatives-based offering to the bank's fee-based revenue mix. BMO's narrative projects CA$43.3 billion in revenue and CA$11.6 billion in earnings by 2029, requiring 6.7% yearly revenue growth and an earnings increase of about CA$2.9 billion from CA$8.7 billion today. Community fair value estimates for BMO range between C$255.36 and C$308.96.
Bank of MontrealBMO launched a new autocallable income US large-cap ETF on TSX, expanding its fee-based revenue mix and structured-solutions toolkit.
Bank of Chongqing Co Ltd
