The Bank of Montreal is launching a range of ETFs with ESG criteria.

BMO Asset Management is issuing eight new ESG ETFs on the Toronto Stock Exchange four of which are MSCI equity index ETFs of US, Canadian, and global stocks. The ETFs include  companies with an ESG score in the top half of the companies in their sector. As a result, Royal Bank of Canada, Manulife and Air Canada are excluded.

BMO is also launching two corporate bond ESG ETFs, a global high dividend covered-call fund and the first ESG asset-allocation ETF, a fund of funds made up of the new ESG products.