Key stats
About BMO MSCI FINTECH INNOVATION IDX ETF CAD UNITS
Expense ratio
0.48%
Home page
Inception date
Jan 14, 2021
The fund offers cross-sector exposure to the financial technology (FinTech) theme. Its index takes from the MSCI ACWI IMI Index, which includes stocks of any capitalization from both developed and emerging markets. The fund targets securities with significant exposure to FinTech business activities such as digital or mobile payments, blockchain technologies, peer-to-peer transactions, and digital platforms. To assess business exposure, a relevance score is computed based on key words from annual reports and other data sources. Stocks are selected and weighted based on relevance score, with weights scaled by market-cap. Each issuer weight is capped at 5%. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Commercial Services
Electronic Technology
Stock breakdown by region