- Recognized in categories including Canadian equity, fixed
income and financial services
TORONTO, Nov. 28,
2022 /CNW/ - BMO Global Asset Management (BMO GAM)
was recognized at the 2022 Canada Refinitiv Lipper Fund Awards,
with seven BMO Exchange Traded Funds (BMO ETFs) claiming top
honours across seven categories.
The annual Canada Refinitiv Lipper Awards honour funds and fund
management firms that have excelled in providing consistently
strong risk-adjusted performance relative to their peers.
"BMO GAM's recognition at the 2022 Canada Refinitiv Lipper
Awards demonstrates the strength of our portfolio management
teams," said Kevin Gopaul,
President, ETFs, BMO Global Asset Management. "As a leading ETF
provider in Canada with more than
100 strategies, we are dedicated to creating innovative solutions
to help investors stay ahead of market trends and achieve their
objectives."
BMO GAM funds received top honours in the following
categories:
- BMO Equal Weight Banks Index ETF (Ticker: ZEB) - Best
Financial Services Equity ETF Fund over five years
- BMO Low Volatility Canadian Equity ETF (Ticker: ZLB) -
Best Canadian Equity ETF Fund over 10 years
- BMO Mid Provincial Bond Index ETF (Ticker: ZMP) - Best
Canadian Fixed Income ETF Fund over five years
- BMO MSCI All Country World High Quality Index ETF
(Ticker: ZGQ) - Best Global Equity ETF Fund over five years
- BMO MSCI Europe High Quality Hedged to CAD Index ETF
(Ticker: ZEQ) - Best European Equity ETF Fund over three years and
Best European Equity ETF Fund over five years
- BMO S&P 500 Index ETF (Ticker: ZSP) - Best US Equity
ETF Fund over five years
- BMO Short-Term US IG Corporate Bond Hedged to CAD Index
ETF (Ticker: ZSU) - Best Global Corporate Fixed Income ETF Fund
over three years
For more information please visit: www.bmo.com/gam/ca
Commissions, management fees and expenses 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.
BMO Global Asset Management is a brand name under which BMO
Asset Management Inc. and BMO Investments Inc. operate.
®/™Registered trademarks/trademark of Bank of Montreal, used under licence.
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.
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 $971 billion as of
July 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.
About the Lipper
Methodology
The Refinitiv Lipper Fund Awards, granted annually, highlight
funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Refinitiv Lipper Fund Awards are based on the Lipper
Leader for Consistent Return rating, which is a risk-adjusted
performance measure calculated over 36, 60 and 120 months. The fund
with the highest Lipper Leader for Consistent Return (Effective
Return) value in each eligible classification wins the Refinitiv
Lipper Fund Award. For more information, see
www.lipperfundawards.com. Although Refinitiv Lipper makes
reasonable efforts to ensure the accuracy and reliability of the
data contained herein, the accuracy is not guaranteed by Refinitiv
Lipper.
The highest 20% of funds in each category are named Lipper
Leaders for Consistent Return and receive a score of 5, the next
20% receive a score of 4, the middle 20% are scored 3, the next 20%
are scored 2 and the lowest 20% are scored 1. Lipper Leader ratings
are subject to change every month.
BMO Equal Weight Banks Index ETF (Ticker: ZEB) was awarded
the 2022 Refinitiv Lipper Fund Award in the Financial Services
Equity ETF Funds category for five years ending on July 31, 2022, out of a classification total of
11 funds. Performance for the fund for the period ended
October 31, 2022: -5.78% (1 year),
9.51% (3 years), 7.28% (5 years) and 10.77% (10 years). The
corresponding Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 5 (3 years), 5
(5 years), 2 (10 years).
BMO Low Volatility Canadian Equity ETF (Ticker: ZLB) was awarded
the 2022 Refinitiv Lipper Fund Award in the Canadian Equity ETF
Funds category for ten years ending on July
31, 2022, out of a classification total of 17 funds.
Performance for the fund for the period ended October 31, 2022: 0.64% (1 year), 7.34% (3
years), 7.53% (5 years) and 11.44% (10 years). The corresponding
Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 2 (3 years), 4
(5 years), 5 (10 years).
BMO Mid Provincial Bond Index ETF (Ticker: ZMP) was awarded the
2022 Refinitiv Lipper Fund Award in the Canadian Fixed Income ETF
Funds category for five years ending on July
31, 2022, out of a classification total of 17 funds.
Performance for the fund for the period ended October 31, 2022: -8.72% (1 year), -1.90% (3
years), 0.38% (5 years) and 1.72% (Since Inception; March 19, 2013). The corresponding Lipper Leader
ratings of the fund for the period ending October 31,
2022, are as follows: 5 (3 years), 5 (5 years), N/A (10
years).
BMO MSCI All Country World High Quality Index ETF (Ticker: ZGQ)
was awarded the 2022 Refinitiv Lipper Fund Award in the Global
Equity ETF Funds category for five years ending on July 31, 2022, out of a classification total of
19 funds. Performance for the fund for the period ended
October 31, 2022: -17.34% (1 year),
7.45% (3 years), 8.79% (5 years) and 11.02% (Since Inception;
November 5, 2014). The corresponding
Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 4 (3 years), 5
(5 years), N/A (10 years).
BMO MSCI Europe High Quality Hedged to CAD Index ETF (Ticker:
ZEQ) was awarded the 2022 Refinitiv Lipper Fund Award in the
European Equity ETF Funds category for three years ending on
July 31, 2022, out of a
classification total of 13 funds. Performance for the fund for the
period ended October 31, 2022:
-12.77% (1 year), 5.54% (3 years), 6.63% (5 years) and 8.55% (Since
Inception; February 10, 2014). The
corresponding Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 5 (3 years), 5
(5 years), N/A (10 years).
BMO MSCI Europe High Quality Hedged to CAD Index ETF (Ticker:
ZEQ) was awarded the 2022 Refinitiv Lipper Fund Award in the
European Equity ETF Funds category for five years ending on
July 31, 2022, out of a
classification total of 10 funds. Performance for the fund for the
period ended October 31, 2022:
-12.77% (1 year), 5.54% (3 years), 6.63% (5 years) and 8.55% (Since
Inception; February 10, 2014). The
corresponding Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 5 (3 years), 5
(5 years), N/A (10 years).
BMO S&P 500 Index ETF (Ticker: ZSP) was awarded the 2022
Refinitiv Lipper Fund Award in the US Equity ETF Funds category for
five years ending on July 31, 2022,
out of a classification total of 39 funds. Performance for the fund
for the period ended October 31,
2022: -6.28% (1 year), 11.12% (3 years), 11.26% (5 years)
and 16.33% (Since Inception; November 14,
2012). The corresponding Lipper Leader ratings of the fund
for the period ending October 31, 2022, are as follows: 5
(3 years), 5 (5 years), N/A (10 years).
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF
(Ticker: ZSU) was awarded the 2022 Refinitiv Lipper Fund Award in
the Global Corporate Fixed Income ETF Funds category for three
years ending on July 31, 2022, out of
a classification total of 10 funds. Performance for the fund for
the period ended October 31, 2022:
-8.32% (1 year), -1.57% (3 years), -0.01% (5 years) and 0.76%
(Since Inception; February 10, 2014).
The corresponding Lipper Leader ratings of the fund for the period
ending October 31, 2022, are as follows: 3 (3 years), 3
(5 years), N/A (10 years).
SOURCE BMO Financial Group