BMO Global Asset Management

What BMO Global Asset Management does

BMO Global Asset Management is the asset management division of Bank of Montreal (BMO), one of Canada's largest and oldest chartered banks. The firm manages a broad range of investment products spanning exchange-traded funds (ETFs), mutual funds, and alternative investment vehicles, serving retail investors, accredited/high-net-worth individuals, and institutional clients including pension funds, endowments, and insurance companies. Core operations are headquartered in Toronto, Canada, with a Chicago office and a growing US West Region wealth-management presence led out of a new San Diego market. The organization employs 501–1,000 people and distributes products primarily to Canadian investors.

The firm's product suite includes more than 40 named ETFs across fixed income (e.g., BMO Aggregate Bond Index ETF, BMO BBB Corporate Bond Index ETF), income generation (BMO Covered Call Utilities ETF), sector and thematic equity (BMO Global Communications Index ETF, BMO Brookfield Global Real Estate Tech Fund, BMO Global Agriculture ETF), climate-aligned strategies (BMO MSCI ACWI Paris Aligned Climate Equity Index ETF), and the recently launched BMO Market+ ETF Strategies suite of five systematic-fundamental ETFs on Cboe Canada. Mutual funds span equity, fixed income, and balanced strategies. In November 2025, BMO GAM extended into private infrastructure through the ALTitude EQT Global Infrastructure Fund, an evergreen vehicle developed with Swedish partner EQT targeting data centres, fibre networks, renewable energy, and waste management across Western Europe, North America, and Asia Pacific. The underlying technology stack is conventional: ETF infrastructure and mutual fund management platforms, with listings on the Toronto Stock Exchange and Cboe Canada.

BMO GAM operates a recurring fee-based revenue model, earning asset management fees on AUM across its product shelf. Standard ETFs carry market-rate expense ratios; the ALTitude fund charges a 1.5% management fee with a CAD $25,000 investor minimum. Distribution runs through three channels: financial advisor and wealth management networks for mutual funds and alts, institutional direct sales for mandates, and exchange-listed ETF distribution for retail via brokerage platforms. The firm actively rationalizes its shelf — in April 2026 it announced termination of four ETFs and one mutual fund effective June 2026 — while simultaneously expanding, with 21 new ETF funds launched in February 2026 and additional launches in March 2026. Performance has been externally validated by 27 Fundata FundGrade A+ Awards in 2026 and 12 LSEG Lipper Fund Awards in 2025.

Name

BMO Global Asset Management

Legal name

BMO Global Asset Management

Website

https://bmogam.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

501–1,000 employees

Short description

BMO Global Asset Management is the asset management division of Bank of Montreal, managing ETFs, mutual funds, and private infrastructure products for retail, accredited, and institutional investors across Canada, distributed via financial advisors and exchange listings.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

akta.pro secondary industries

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF), Real Assets & Infrastructure ETFs (REITs, Infrastructure, Natural Resources) (FSAAAFAH)

Keywords

• Asset management services
• Exchange traded funds
• Mutual fund management
• Fixed income investing
• Institutional investment solutions

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Asset Management Fees: BMO Global Asset Management generates revenue through management fees charged on ETFs and mutual funds based on assets under management (AUM). The firm manages a broad range of investment products spanning equities, fixed income, and specialty strategies.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

BMO Global Asset Management manages and distributes a broad range of investment products including exchange-traded funds (ETFs), mutual funds, and alternative investment vehicles such as private infrastructure funds. Its product suite spans equities, fixed income, sector, thematic, and climate-focused strategies, distributed through financial advisors, institutional mandates, and listings on the Toronto Stock Exchange and Cboe Canada.

Product overview

BMO Global Asset Management offers a comprehensive suite of investment products including ETFs (exchange-traded funds), mutual funds, and private infrastructure funds. The ETF lineup includes fixed income products (BMO BBB Corporate Bond Index ETF, BMO Aggregate Bond Index ETF), thematic equity funds (BMO Brookfield Global Real Estate Tech Fund, BMO Global Agriculture ETF), climate-focused strategies (BMO MSCI ACWI Paris Aligned Climate Equity Index ETF), sector funds (BMO Global Communications Index ETF), income-generating products (BMO Covered Call Utilities ETF), and the recently launched BMO Market+ ETF Strategies suite combining systematic fundamental analysis with broad market exposure. The ALTitude EQT Global Infrastructure Fund, launched in partnership with EQT, provides private market access to modern infrastructure megatrends. BMO Mutual Funds round out the core product offerings across diverse asset classes.

Differentiator

Problem solved

Functional benefit

Brands

• BMO Market+ ETF Strategies: A suite of five new exchange-traded funds offering Canadian, U.S., global, low-volatility, and developed and emerging market equity exposures.
• ALTitude EQT Global Infrastructure Fund

Products and services

• BMO Market+ ETF Strategies Suite of five exchange-traded funds offering Canadian, U.S., global, low-volatility, and developed and emerging market equity exposures; combines broad market exposure with disciplined, systematic fundamental analysis to address concentration risk in traditional benchmarks. Listed and trading on Cboe Canada.
• ALTitude EQT Global Infrastructure Fund Evergreen private infrastructure fund developed in partnership with EQT, targeting modern infrastructure assets including data centres, fibre networks, renewable energy and waste management across Western Europe, North America, and Asia Pacific. Available to accredited investors in Canada with $25,000 minimum investment and 1.5% management fee.
• BMO Mutual Funds Collection of actively managed mutual funds across various asset classes including equity, fixed income, and balanced strategies. Distributed through financial advisors and wealth management platforms.
• BMO Aggregate Bond Index ETF (ZAG:CA) Aggregate bond index ETF tracking the Canadian investment-grade bond market, offering diversified fixed income exposure with approximately 3.4% yield.
• BMO Covered Call Utilities ETF (ZWU:CA) Income-focused ETF investing in North American utilities, pipelines, and telecoms while writing covered call options to generate enhanced income. Benefits from elevated options premiums amid geopolitical volatility.
• BMO Global Communications Index ETF (COMM) Global communications sector index ETF providing exposure to telecommunications and media companies worldwide.
• BMO BBB Corporate Bond Index ETF Corporate bond index ETF providing exposure to BBB-rated corporate bonds.
• BMO Brookfield Global Real Estate Tech Fund Real estate technology-focused equity fund investing in global real estate technology companies.
• BMO Global Agriculture ETF Agriculture-focused equity ETF providing exposure to global agricultural companies.
• BMO MSCI ACWI Paris Aligned Climate Equity Index ETF Climate-focused ETF aligned with Paris Agreement climate goals, providing exposure to global equities meeting climate criteria.

Quantifiable outcome

• 27 Fundata FundGrade A+ Awards (2026) - recognition for consistent risk-adjusted performance across 19 ETFs and 8 mutual funds
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• GreenShieldminorStrategic or Co-development Partner · 19 June 2026BMO Insurance established a partnership with GreenShield to provide health and dental coverage services to BMO customers.
• EQTcoreStrategic or Co-development Partner · 24 November 2025BMO Global Asset Management partnered with Swedish investment firm EQT to launch the ALTitude EQT Global Infrastructure Fund. The partnership enables access to diversified private infrastructure assets globally including data centres, fibre networks, renewable energy, and waste management across Western Europe, North America, and Asia Pacific.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• CI Global Asset Management: Canadian asset manager offering ETFs, mutual funds, and alternative strategies under CI Financial, directly competing with BMO GAM on advisor-distributed product in Canada.
• BlackRock: World's largest asset manager operating the iShares ETF franchise alongside mutual funds and alternatives; competes head-to-head with BMO GAM in the Canadian ETF market and globally on institutional mandates.
• Vanguard: One of the largest global ETF and mutual fund sponsors, directly competing with BMO GAM on low-cost passive Canadian-listed products and increasingly active strategies.
• Invesco: Global ETF (Invesco QQQ, Invesco ESG) and mutual fund manager that overlaps with BMO GAM across both passive and active product categories in Canada.
• State Street Global Advisors: Manager of the SPDR ETF franchise and large institutional fixed income business; competes with BMO GAM on ETF listings and on institutional fixed income mandates.
• Fidelity Investments: Major North American mutual fund, ETF, and institutional asset manager that directly competes with BMO GAM on retail and institutional product shelves in Canada and the U.S.
• Mackenzie Investments: Canadian-focused asset manager owned by IGM Financial, offering ETFs, mutual funds and alternatives; closest domestic comparable to BMO GAM in Canadian retail distribution.
• Manulife Investment Management: Asset management arm of Manulife running ETFs, mutual funds, private markets and institutional mandates; comparable to BMO GAM as a Canadian insurance-owned investment manager.
• Sun Life Global Investments: Investment management arm of Sun Life offering mutual funds and institutional solutions in Canada; sister insurer-owned competitor with similar advisor-distribution model.

Broad incumbents

• Franklin Templeton: Large global asset manager with a broad multi-asset, ETF (Franklin LibertyShares) and alternatives lineup; broader incumbent that overlaps with BMO GAM on alternative and global mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BMO Global Asset Management