TORONTO, Jan. 19, 2022 /CNW/ - BMO Asset Management Inc.
today announced changes to the risk rating for four BMO
Exchange Traded Fund (BMO ETF) listings.
These changes are the result of an annual review conducted using
the investment risk classification methodology set forth in
National Instrument 81-102 – Investment Funds.
Effective immediately, the risk ratings for the following BMO
ETFs have changed:
|
Ticker
|
ETF
Name
|
Current
Rating
|
New
Rating
|
|
ZID
|
BMO MSCI India ESG
Leaders Index ETF
|
High
|
Medium to
High
|
|
ZTL
|
BMO Long-Term US
Treasury Bond Index ETF
|
Medium to
High
|
Medium
|
|
ZLD
|
BMO Low Volatility
International Equity Hedged to CAD ETF
|
Medium
|
Low to
Medium
|
|
ZMID.F
|
BMO S&P US Mid
Cap Index ETF (Hedged Units)
|
Medium
|
Medium to
High
|
Commissions, management fees and expenses (if any) all may be
associated with investments in exchange traded funds. Please read
the ETF Facts or prospectus of the BMO ETFs before investing.
Exchange traded funds are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs,
please see the specific risks set out in the BMO ETF's
prospectus. BMO ETFs trade like stocks, fluctuate in market
value and may trade at a discount to their net asset value, which
may increase the risk of loss. Distributions are not guaranteed and
are subject to change and/or elimination.
BMO ETFs are managed by BMO Asset Management Inc., which is an
investment fund manager and a portfolio manager, and a separate
legal entity from Bank of Montreal.
S&P®, and S&P/TSX Capped
Composite® are registered trademarks of Standard &
Poor's Financial Services LLC ("S&P") and "TSX" is a trademark
of TSX Inc. These trademarks have been licensed for use by S&P
Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc.
in connection with ZEO and ZMID.U. The ZMID.F is not sponsored,
endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX,
or their respective affiliates and S&P Dow Jones Indices LLC,
S&P, TSX and their affiliates make no representation regarding
the advisability of trading or investing in such BMO ETF(s).
The BMO ETFs or securities referred to herein are not sponsored,
endorsed or promoted by MSCI Inc. ("MSCI"), and MSCI bears no
liability with respect to any such BMO ETFs or securities or any
index on which such BMO ETFs or securities are based. The
prospectus of the BMO ETFs contains a more detailed description of
the limited relationship MSCI has with BMO Asset Management Inc.
and any related BMO ETFs.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been a leading ETF provider in
Canada for more than 11 years,
with over 100 strategies, over 25 per cent market share in
Canada1, and
$80.6 billion in assets under
management. BMO ETFs are designed to stay ahead of market trends
and provide compelling solutions to help advisors and investors.
This includes a comprehensive suite of ETFs developed in
Canada for Canadians, such as cost
effective core equity ETFs following market leading indexes, and a
broad range of fixed income ETFs; solution-based ETFs responding to
client demand; and innovation with smart beta ETFs, as well as
combining active and passive investing with ETF series of active
mutual funds.
1Morningstar, October
2021
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 $988
billion as of October 31, 2021, and a team of diverse and
highly engaged 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, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group
