TORONTO, Jan. 11, 2019 /CNW/ - BMO Investments Inc. today
announced the launch of ETF Series units for the actively-managed
BMO Tactical Dividend ETF Fund.
BMO Tactical Dividend ETF Fund – ETF Series (Ticker:
ZZZD) provides investors access to a portfolio that protects
investments and identifies tactical growth opportunities. The fund
invests primarily in dividend-paying ETFs and also capitalizes
on short-term investment strategies.
The offering of ETF Series units of the fund has closed and it
will begin trading on the Toronto Stock Exchange today.
"Over the past 20 years, investors have increasingly needed to
take a higher level of risk to maintain income and returns. With
today's volatile markets, repositioning investments and risk
management is more important than ever," said Mark Raes, Head of Product, BMO Global Asset
Management. "Using ETFs, the fund can pivot efficiently to be
aggressive or defensive depending on the markets, while letting the
investor sleep well at night."
BMO Tactical Dividend ETF Fund is sub-advised by Larry Berman of ETF Capital Management, who has
more than 30 years of extensive industry experience in fundamental
and technical analysis as well as managing ETF portfolios.
Further, BMO Tactical Dividend ETF Fund Series A was awarded
'Best Mutual Fund in the Tactical Balanced Space over Three Years'
at the 2018 Thomson Reuters Lipper Fund Awards.
Mr. Raes added that BMO Global Asset Management continues to be
a Canadian leader in combining active and passive investing through
its suite of award-winning ETFs and mutual funds.
®/™Registered trade-marks/trade-mark of Bank of
Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO
Asset Management Inc., BMO Investments Inc., BMO Asset Management
Corp., BMO Asset Management Limited and BMO's specialized
investment management firms.
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. ETF Series of the BMO Mutual Funds
are managed by BMO Investments Inc., which is an investment fund
manager and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated
with investments in BMO ETFs and ETF Series of the BMO Mutual
Funds. Please read the ETF facts or prospectus of the relevant BMO
ETF or ETF Series before investing. BMO ETFs and ETF Series
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 or
ETF Series of the BMO Mutual Funds, please see the specific risks
set out in the prospectus. BMO ETFs and ETF Series of the BMO
Mutual Funds 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.
Further information about BMO ETFs and ETF Series of the BMO
Mutual Funds can be found at www.bmo.com/etfs.
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 and ETF Series of the BMO
Mutual Funds 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
$774 billion as of October 31, 2018, 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 ETF Capital Management (ETFCM)
Established in
2006 by Larry Berman and Partners,
ETFCM is one of Canada's leading
wealth management firms, with deep expertise in smart ETF-based
investment strategies and financial/estate planning. ETFCM is
a founding member of the Quintessence Wealth Partnership. For more
information,
visit www.ETFCM.com and www.QWealth.com
About The Lipper Fund Awards
The Lipper Fund Awards,
granted annually, are part of the Thomson Reuters Awards for
Excellence awarded by Lipper, Inc. and highlight funds that have
excelled in delivering consistently strong risk-adjusted
performance relative to their peers. The Lipper Fund Awards are
based on the Lipper Ratings for Consistent Return, which is a
risk-adjusted performance measure calculated over 36, 60 and 120
month periods. 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. The highest
Lipper Leader for Consistent Return in each category wins the
Lipper Fund Award. Lipper Leader ratings change monthly. For more
information, see www.lipperweb.com. Although Lipper makes
reasonable efforts to ensure the accuracy and reliability of the
data contained herein, the accuracy is not guaranteed by
Lipper.
Lipper and Lipper Leader are trademarks of Lipper Limited, a
Thomson Reuters Company, and have been licensed for use by the Bank
of Montreal.
BMO Tactical Divided ETF Fund Series A was awarded the 2018
Lipper Fund Award in the Canadian Tactical Balanced category for
the three year period ending July 31,
2018 out of a total of 40 funds. The corresponding Lipper
Leader ratings of the fund for the same period are as follows: 5 (3
years), N/A (5 years), N/A (10 years).
SOURCE BMO Financial Group
