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Dec. 20, 2021, 11:27 a.m. EST

Invest in Innovation With This BMO ETF

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Dec 20, 2021 (Baystreet.ca via COMTEX) -- A good way to invest in the future is to bet on innovation. Companies that are continuously improving and making technological changes are more likely to rise in value than those that are just maintaining the status quo. And to get a good mix of growth stocks, an exchange-traded fund (ETF) can offer balance and minimize risk, especially when compared to investing in just a few stocks.

Bank of Montreal /zigman2/quotes/203180563/delayed CA:BMO +1.79% /zigman2/quotes/206428109/composite BMO +2.05% offers a variety of ETFs to choose from, and one that gives investors exposure to "disruptive innovations" and "global mega trends" is the BMO MSCI Innovation Index ETF /zigman2/quotes/224233324/delayed CA:ZINN +3.21% . The ETF's focus is on a number of different themes, including next-generation internet and autonomous technology.

As of Dec. 17, its top holdings were credit card companies Visa /zigman2/quotes/203660239/composite V +2.31% and Mastercard /zigman2/quotes/207581792/composite MA +1.49% , which are the only two stocks accounting for more than 5% of the total holdings. Chipmaker Nvidia /zigman2/quotes/200467500/composite NVDA +5.16% is in the third spot at 4.7% followed by COVID-19 vaccine maker Moderna /zigman2/quotes/205619834/composite MRNA +3.78% , which has a weight of 3.9%. However, with more than 330 holding in the fund, most of the stocks in this ETF won't even account for 1% on their own. While there are some strong pillars in the ETF, it's still a very diverse investment.

The fund launched in January and its returns thus far are flat at around 0.4%. But that's even with growth stocks falling in value in recent months. For long-term investors who are willing to hold onto their investments for years, the MSCI Innovation Index could make for a safe buy-and-forget ETF to build their portfolios around.

COMTEX_399295085/2559/2021-12-20T11:27:13

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203180563/delayed
CA : Canada: Toronto
$ 135.14
+2.37 +1.79%
Volume: 2.27M
May 26, 2022 4:00p
P/E Ratio
10.42
Dividend Yield
4.11%
Market Cap
$89.18 billion
Rev. per Employee
$737,478
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/zigman2/quotes/206428109/composite
US : U.S.: NYSE
$ 105.78
+2.12 +2.05%
Volume: 892,645
May 26, 2022 4:00p
P/E Ratio
10.22
Dividend Yield
3.20%
Market Cap
$69.49 billion
Rev. per Employee
$586,319
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/zigman2/quotes/224233324/delayed
CA : Canada: Toronto
$ 21.24
+0.66 +3.21%
Volume: 8,268
May 26, 2022 10:13a
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/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 208.55
+4.71 +2.31%
Volume: 9.21M
May 26, 2022 4:00p
P/E Ratio
33.53
Dividend Yield
0.72%
Market Cap
$424.43 billion
Rev. per Employee
$1.25M
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/zigman2/quotes/207581792/composite
US : U.S.: NYSE
$ 349.89
+5.13 +1.49%
Volume: 2.82M
May 26, 2022 4:00p
P/E Ratio
36.40
Dividend Yield
0.56%
Market Cap
$335.42 billion
Rev. per Employee
$828,667
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 178.51
+8.76 +5.16%
Volume: 99.66M
May 26, 2022 4:00p
P/E Ratio
46.43
Dividend Yield
0.09%
Market Cap
$425.06 billion
Rev. per Employee
$1.20M
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/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 135.80
+4.95 +3.78%
Volume: 5.16M
May 26, 2022 4:00p
P/E Ratio
3.99
Dividend Yield
N/A
Market Cap
$52.05 billion
Rev. per Employee
$8.34M
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