TORONTO, Feb. 9, 2018 /CNW/ - BMO Asset Management Inc.
today announced changes to the risk rating for certain BMO Exchange Traded Funds (ETFs)*, effective immediately.
These changes are the result of the annual review which was conducted using the new investment risk classification methodology
introduced in National instrument 81-102 – Investment Funds. No material changes have been made to the investment
objectives, strategies or management of the BMO ETFs.
The risk-rating changes are as follows:
|
Ticker
|
ETF Name
|
Current
Rating
|
New
Rating
|
|
BANK
|
BMO Global Banks Hedged to CAD Index ETF
|
Medium to High
|
High
|
|
DISC
|
BMO Global Consumer Discretionary Hedged to CAD Index ETF
|
Medium
|
Medium to High
|
|
INSR
|
BMO Global Insurance Hedged to CAD Index ETF
|
Medium
|
Medium to High
|
|
ZBK
|
BMO Equal Weight US Banks Index ETF
|
Medium to High
|
High
|
|
ZEO
|
BMO Equal Weight Oil & Gas Index ETF
|
Medium to High
|
High
|
|
ZHP
|
BMO US Preferred Share Hedged to CAD Index ETF
|
Medium
|
Medium to High
|
|
ZHY
|
BMO High Yield US Corporate Bond Hedged to CAD Index ETF
|
Low to Medium
|
Medium
|
|
ZIC
|
BMO Mid-Term US IG Corporate Bond Index ETF
|
Low
|
Low to Medium
|
|
ZIC.U
|
BMO Mid-Term US IG Corporate Bond Index ETF
|
Low
|
Low to Medium
|
|
ZMU
|
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF
|
Low
|
Low to Medium
|
|
ZPH
|
BMO US Put Write Hedged To CAD ETF
|
Low to Medium
|
Medium
|
|
ZPW
|
BMO US Put Write ETF
|
Low to Medium
|
Medium
|
|
ZPW.U
|
BMO US Put Write ETF
|
Low to Medium
|
Medium
|
|
ZQQ
|
BMO NASDAQ 100 Equity Hedged to CAD Index ETF
|
Medium
|
Medium to High
|
|
ZTL
|
BMO Long-Term US Treasury Bond Index ETF
|
Low to Medium
|
Medium to High
|
|
ZTL.U
|
BMO Long-Term US Treasury Bond Index ETF
|
Low to Medium
|
Medium
|
|
ZTM
|
BMO Mid-Term US Treasury Bond Index ETF
|
Low
|
Medium
|
|
ZTS
|
BMO Short-Term US Treasury Bond Index ETF
|
Low
|
Low to Medium
|
|
ZUB
|
BMO Equal Weight US Banks Hedged to CAD Index ETF
|
Medium to High
|
High
|
|
ZUP
|
BMO US Preferred Share Index ETF
|
Medium
|
Medium to High
|
|
ZUP.U
|
BMO US Preferred Share Index ETF
|
Medium
|
Medium to High
|
|
ZVC
|
BMO MSCI Canada Value ETF
|
Medium
|
Medium to High
|
The changes described above are reflected in the BMO ETFs' prospectuses and each applicable ETF Facts, which have
been with Canadian securities regulators and are dated February 2, 2018.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
*BMO ETFs are administered and managed by BMO Asset Management Inc., which is an investment fund manager and portfolio manager
and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the
prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may
not be repeated.
Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which
with its affiliates is referred to as the "Corporations") and are licensed for use by BMO Asset Management Inc. The BMO Nasdaq
100 Equity Hedged to CAD Index ETF has not been passed on by the Corporations as to its legality or suitability and is not
issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO The BMO Nasdaq 100 Equity Hedged to CAD Index ETF.
The exchange traded funds or securities referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no
liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus
contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related
funds.
About BMO Exchange Traded Funds (ETFs)
Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in
Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an
innovative portfolio of investment products.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th
largest bank, by assets, in North America. With total assets of $710
billion as of October 31, 2017, and more than 45,000 employees, BMO provides a broad range
of personal and commercial banking, wealth management and investment banking products and services to more than 12 million
customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO
Capital Markets.
SOURCE BMO Financial Group
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