TORONTO, Nov. 7, 2024
/CNW/ - BMO Global Asset Management (BMO GAM) received ten
awards at the 2024 Canada LSEG Lipper Fund Awards, with BMO
Exchange Traded Funds (BMO ETFs) claiming five top honours and BMO
Mutual Funds being recognized as best in class in five additional
categories.
For over three decades, the LSEG Lipper Fund Awards have
recognized funds and fund management firms for their consistently
strong risk-adjusted 3-year, 5-year, and 10-year performance
relative to their peers. Based on Lipper's quantitative,
proprietary methodology, the awards reflect an independent
assessment of fund performance.
"We are pleased to be recognized as a top fund performer for
another year," said Sadiq Adatia,
Chief Investment Officer, BMO Global Asset Management. "BMO's
investment team continues to deliver outstanding results for our
clients driven by innovative thinking, collaboration and prudent
risk management."
"At BMO Global Asset Management, we are driven by purpose and
will continue to innovate our ETF and Mutual Fund offerings," said
Sara Petrcich, Head of ETFs &
Structured Solutions, BMO Global Asset Management. "We are giving
investors access to an expanding array of investment choices that
fit their specific needs, helping our clients achieve real
financial progress and invest with confidence."
The following BMO Mutual Funds received top honours:
- BMO European Fund (Series F) – Best European Equity
Fund over 5 years
- BMO European Fund (Series F) – Best European Equity Fund
over 10 years
- BMO Global Dividend Fund (Series F) – Best Global
Dividend & Income Equity Fund over 3 years
- BMO U.S. Small Cap Fund (Series F) – Best US
Small/Mid Cap Equity fund over 3 years
- BMO U.S. Small Cap Fund (Series F) – Best US
Small/Mid Cap Equity fund over 5 years
The following BMO ETFs received top honours:
- 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 over10 years
- BMO Ultra Short-Term US Bond ETF (US Dollar
Units) (Ticker: ZUS.U) – Best Global Fixed Income ETF Fund
over 3 years
- BMO Ultra Short-Term US Bond ETF (US Dollar
Units) (Ticker: ZUS.U) – Best Global Fixed Income ETF Fund
over 5 years
- BMO S&P 500 Index ETF (US Dollar
Units) (Ticker: ZSP.U) – Best US Equity ETF Fund over 10
years
For more information please visit: BMOGAM.com
Commissions, management fees and expenses (if applicable) may be
associated with investments in mutual funds and exchange traded
funds (ETFs). Trailing commissions may be associated with
investments in mutual funds. Please read the fund facts, ETF Facts
or prospectus of the relevant mutual fund or ETF before investing.
Mutual funds and ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in BMO Mutual Funds
or BMO ETFs, please see the specific risks set out in the
prospectus of the relevant mutual fund or ETF. 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.
The Index is a product of S&P Dow Jones Indices LLC or its
affiliates ("SPDJI"), and has been licensed for use by the Manager.
S&P®, S&P 500®, US 500, The 500,
iBoxx®, iTraxx® and CDX® are
trademarks of S&P Global, Inc. or its affiliates ("S&P")
and Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"), and these trademarks have
been licensed for use by SPDJI and sublicensed for certain purposes
by the Manager. The ETF is not sponsored, endorsed, sold or
promoted by SPDJI, Dow Jones, S&P, their respective affiliates,
and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any
liability for any errors, omissions, or interruptions of the
Index.
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 Mutual Funds are offered by BMO Investments Inc., a
financial services firm and separate entity from Bank of
Montreal.
BMO Global Asset Management is a brand name under which BMO
Asset Management Inc. and BMO Investments Inc. operate. Certain of
the products and services offered under the brand name, BMO Global
Asset Management, are designed specifically for various categories
of investors in Canada and may not
be available to all investors. Products and services are only
offered to investors in Canada in
accordance with applicable laws and regulatory requirements.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank
of Montreal, used under
licence.
Disclaimer
The LSEG 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 LSEG 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 LSEG Lipper
Fund Award. For more information, see lipperfundawards.com.
Although LSEG makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not
guaranteed by LSEG Lipper
Canada Fund Awards
BMO European Fund (Series F) was awarded the 2024
LSEG Lipper Fund Award in the European Equity category for the
5- and 10-year periods ending July 31, 2024 out of a
classification total of 100 funds (three years), 98 funds (five
years), 66 funds (ten years). The fund's performance for the period
ended September 30, 2024 was 30.60%
(one year), 9.59% (three years), 11.23% (five years), 8.91% (ten
years) and 9.91% (since inception on November 3, 2008).
BMO Global Dividend Fund (Series F) was awarded the
2024 LSEG Lipper Fund Award in the Global Dividend & Income
Equity category for the 3-year period ending July
31, 2024 out of a classification total of 209 funds (three
years), 197 funds (five years), 131 funds (ten years). The fund's
performance for the period ended September
30, 2024 was 29.75% (one year), 13.45% (three years), 11.51%
(five years), 10.25% (ten years) and 11.13% (since inception
on August 12, 2013).
BMO U.S. Small Cap Fund (Series F) was awarded the 2024
LSEG Lipper Fund Award in the US Small/Mid Cap Equity category
for the 3- and 5-year periods ending July 31,
2024 out of a classification total of 242 funds (three years),
197 funds (five years), N/A (ten years). The fund's performance for
the period ended September 30, 2024,
was 30.14% (one year), 11.44% (three years), 14.74% (five years)
and 11.26% (since inception on May 14, 2018).
Canada ETF Awards
BMO Low Volatility Canadian Equity ETF (Ticker:
ZLB) was awarded the 2024 LSEG Lipper Fund Award in the
Canadian Equity category for the 10-year period
ending July 31, 2024 out of a classification total of 561
funds (three years), 466 funds (five years), 322 funds (ten years).
The fund's performance for the period ended September 30, 2024 was 27.43% (one year), 10.68%
(three years), 9.89% (five years), 10.44% (ten years) and 12.29%
(since inception on October 21, 2011).
BMO Mid Provincial Bond Index ETF (Ticker: ZMP) was
awarded the 2024 LSEG Lipper Fund Award in the Canadian Fixed
Income category for the 10-year period ending July
31, 2024 out of a classification total of 545 funds (three
years), 486 funds (five years), 318 funds (ten years). The fund's
performance for the period ended September
30, 2024 was 13.63% (one year), 0.18% (three years), 1.12%
(five years), 2.38% (ten years) and 2.44% (since inception
on March 19, 2013).
BMO Ultra Short-Term US Bond ETF – USD Units (Ticker:
ZUS.U) was awarded the 2024 LSEG Lipper Fund Award in the
Global Fixed Income category for the 3- and
5-year periods ending July 31, 2024 out of a
classification total of 398 funds (three years), 266 funds (five
years), N/A (ten years). The fund's performance for the period
ended September 30, 2024 was 5.80%
(one year), 3.38% (three years), 2.31% (five years) and 2.33%
(since inception on February 12, 2019).
BMO S&P 500 Index ETF – USD Units (Ticker: ZSP.U) was
awarded the 2024 LSEG Lipper Fund Award in the US Equity category
for the 10-year period ending July 31, 2024 out
of a classification total of 1096 funds (three years), 959 funds
(five years), 610 funds (ten years). The fund's performance for the
period ended September 30, 2024 was
35.86% (one year), 11.53% (three years), 15.59% (five years),
12.95% (ten years) and 14.65% (since inception on November 14,
2012).
About BMO Financial Group
BMO Financial Group is the
eighth largest bank in North America by assets, with total assets
of $1.4 trillion as of July 31, 2024. Serving customers for 200
years and counting, BMO is a diverse team of highly engaged
employees providing a broad range of personal and commercial
banking, wealth management, global markets and investment banking
products and services to 13 million customers across Canada, the
United States, and in select
markets globally. Driven by a single purpose, to Boldly Grow the
Good in business and life, BMO is committed to driving
positive change in the world, and making progress for a thriving
economy, sustainable future, and inclusive society.
SOURCE BMO Financial Group
