BMO Financial Group (BMO) has launched five new Canadian Depositary Receipts (CDRs) that will begin trading on the Cboe Canada exchange. These CDRs offer Canadian investors exposure to major U.S. companies while transacting in Canadian dollars. The companies underlying the new CDRs are: PayPal Holdings, Inc. (ticker ZPYP), Micron Technology, Inc. (ticker ZMIC), McDonald’s Corporation (ticker ZMCD), JPMorgan Chase & Co. (ticker ZJPM), and Coinbase Global, Inc. (ticker ZCOI).
This move aligns with BMO’s strategy to enhance portfolio diversification opportunities for Canadian investors by enabling access to global equities through a Canadian-dollar instrument. The initial offering for these CDRs has already closed.
About BMO: It holds approximately US $1.4 trillion in assets and serves 13 million customers across Canada, the U.S. and select global markets — reinforcing this as part of its global product expansion.
