BMO India Equity Index ETF
BMOIF
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- Jul 2, 2024
- Similar Companies
- Business
- BMO MSCI India ESG Leaders Index ETF (ZID.TO), soon to be renamed BMO MSCI India Selection Equity Index ETF effective on or about February 3, 2025, is an exchange-traded fund managed by BMO Asset Management Inc. that seeks to replicate, to the extent possible, the performance of an ESG-focused broad Indian equity markets index, net of expenses; currently, it tracks the MSCI India ESG Leaders Index, which targets securities exhibiting higher MSCI ESG ratings relative to peers within their Global Industry Classification Standard sectors while excluding companies deriving significant revenues from tobacco, alcohol, gambling, conventional weapons, civilian firearms, controversial weapons, nuclear power, unconventional oil and gas, or those involved in severe business controversies. The ETF invests in and holds the index's constituent securities in the same proportion, utilizing full replication or sampling methodologies; its portfolio as of November 30, 2024, comprises 57 holdings with top allocations including HDFC Bank Limited (15.9%), Reliance Industries Limited (12.3%), Infosys Limited (9.7%), Bharti Airtel Limited (6.6%), and Mahindra & Mahindra (4.4%), spanning sectors such as financials (24.0%), consumer discretionary (13.9%), information technology (12.5%), energy (12.3%), and materials (8.3%). It distributes annually in December, encompassing net income, return of capital, and realized capital gains, with a management expense ratio of 0.67% and medium-to-high risk rating based on historical volatility. Launched on January 19, 2010, and listed on the Toronto Stock Exchange, the ETF had total net assets of $381.6 million as of November 30, 2024, with units traded in Canadian dollars. Recent strategic changes include a December 13, 2021, shift from the S&P/BNY Mellon India Select DR Index to the MSCI India ESG Leaders Index alongside a management fee reduction from 0.65% to 0.60%; a January 17, 2022, risk rating adjustment from high to medium-to-high; and the forthcoming 2025 rebranding to align with the MSCI India Selection Index. The ETF targets investors seeking growth through a diversified portfolio of ESG-leading Indian large- and mid-cap equities, with primary exposure to India's domestic economy supported by above-average growth rates and institutional stability.