Key stats
About BMO MSCI INNOVATION INDEX ETF UNIT
Expense ratio
0.46%
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Inception date
Jan 14, 2021
The fund is passively managed to hold stocks of large-, mid-, and small-cap companies that derive significant revenue from the following innovation themes: autonomous technology, genomics, fintech, and next-generation internet. The underlying index takes from four global thematic sub-indexes, each focusing on one of four themes. The index scores companies in each sub-theme for respective thematic exposure, and the top half securities in each bucket are included in the portfolio. The four sub-themes are allocated equal exposure, and within each bucket, securities are weighted by market-cap. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Health Technology
Technology Services
Electronic Technology
Commercial Services
Stock breakdown by region