BMO launches four new CDRs on Cboe Canada

The Bank of Montreal (BMO) has introduced four new Canadian depositary receipts (CDRs) for trading on Cboe Canada. These new offerings include companies such as adidas AG, Deutsche Post AG, Holcim AG, and Sika AG. With this launch, BMO now has a total of 29 CDRs available. The CDRs allow Canadian investors to access shares in major international companies while managing currency risks. This product enables them to invest in foreign markets without needing to handle foreign currencies. Sara Petrcich, head of ETFs and alternatives at BMO Global Asset Management, expressed satisfaction with this expansion. She noted that it will provide investors with better options for accessing top global brands. Joacim Wiklander, CEO of Cboe Canada, praised BMO's growth in CDR offerings and emphasized the benefits for Canadian investors looking to diversify their portfolios. Cboe Canada has been fully operational since 2015 and plays a significant role in Canadian securities trading. It aims to provide an excellent listing experience for companies looking to connect with investors. The exchange is part of Cboe Global Markets, which has a presence in North America, Europe, and Asia Pacific.