HONG KONG – Global investment manager BMO Global Asset Management was recognized as the “Best ETF Provider for Hong Kong” at The Asset Triple A ETF Awards 2016 award ceremony in Hong Kong Tuesday.
This is the second year that BMO has been honoured with this industry award; in 2015, it received the “Best ETF Provider for Hong Kong – Rising Star” and the “Most Innovative ETF Product, Hong Kong” for its BMO Hong Kong Banks ETF.
“This award recognizes our continuing efforts to bring client-focused solutions to investors in the region”, said Ravi Sriskandarajah, Managing Director and Head of BMO Global Asset Management (Asia Pacific), following the award ceremony.
Read Also: China to Shut Down 2,000 Asset Management Firms
Earlier this month, BMO Global Asset Management was also honoured by the Wealth & Finance International 2016 Fund Awards as the “Best ETF Provider 2016 Asia,” and its BMO Asia USD Investment Grade Bond ETF was named the “Most Innovative Asia Focused ETF (1 Year)”.
BMO Global Asset Management Happy With Hong Kong Recognition
“We are happy to receive such recognition in the industry, and more notably, we are extremely pleased how well our ETFs have been received by investors – in particular our fixed income product. As the first and only ETF in Hong Kong to offer Asia USD bond exposure, it answers investors’ needs for stable, high quality and long-term capital preservation,” Sriskandarajah added.
In November 2014, BMO Global Asset Management, which has offices in more than 25 cities in 14 countries, launched its first ETFs in the region, becoming the first Canadian banking group to have ETFs listed in Hong Kong.
Read Also: Fifth Street Asset Management Names New Managing Director
The initial three offerings were structured to help address the demand for income, growth and access to the region’s robust financial sector.
That platform was expanded earlier in 2016 with four more ETFs, providing investors with exposure to key sectors and global markets.
BMO Global Asset Management is a part of BMO Financial Group, a highly diversified financial services provider based in North America with total assets of CDN $692 billion as of July 31, 2016, and over 45,000 employees. – BusinessNewsAsia.com