- A total of seven mutual funds and ETFs were
recognized
TORONTO, Nov. 15, 2019 /CNW/ - BMO Global
Asset Management (BMO GAM) was recognized at the 2019 Canada Lipper
Fund Awards from Refinitiv with three BMO Mutual Funds and four BMO
Exchange Traded Funds (ETFs) receiving top honours in nine
categories.
The Lipper Fund Awards from Refinitiv recognize the top
risk-adjusted performing funds relative to peers and also recognize
fund families with high average scores for all funds overall or
within a particular asset class.
BMO GAM received top honours for the following categories:
- BMO Dividend Class Series A – Best Mutual Fund in the Canadian
Dividend & Income Equity Space over three years
- BMO Canadian Stock Selection Fund Series NBA – Best Mutual Fund
in the Canadian Equity Space over three years
- BMO Global Energy Class Series A – Best Mutual Fund in the
Energy Equity Space over three years
- BMO Global Energy Class Series A – Best Mutual Fund in the
Energy Equity Space over five years
- BMO Global Energy Class Series A – Best Mutual Fund in the
Energy Equity Space over ten years
- BMO Low Volatility Canadian Equity ETF (ticker ZLB) – Best ETF
in the Canadian Equity Space over five years
- BMO Equal Weight US Banks Index ETF (ticker ZBK) – Best ETF in
the Financial Services Equity Space over three years
- BMO MSCI All Country World High Quality Index ETF (ticker ZGQ)
– Best ETF in the Global Equity Space over three years
- BMO MSCI EAFE Index ETF (ticker ZEA) – Best ETF in the
International Equity Space over three years
"We're proud to continue to be a leader in the Canadian mutual
fund and ETF industries," said Kevin
Gopaul, Global Head of ETFs, BMO Global Asset Management.
"The Lipper Fund Awards is recognition of the hard work and success
of our teams across multiple sectors. Striving for excellence is at
the heart of what we do as a company and we're confident we will
continue to make waves in the industry."
For more information please visit: www.bmo.com/gam/ca
®/™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 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 mutual funds. Trailing commissions may be
associated with investments in certain series of securities of
mutual funds. Please read the fund facts or simplified
prospectus of the relevant mutual fund before investing.
Mutual 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 BMO Mutual Funds, please see the specific
risks set out in the simplified prospectus.
BMO ETFs are managed and administered by BMO Asset Management
Inc., which is an investment fund manager and a portfolio manager
and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses (if any) all may be
associated with investments in exchange traded funds. Please read
the ETF facts or prospectus 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 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.
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 $839 billion as of July 31,
2019, 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 Fund Awards from Refinitiv
For more
than 30 years and in over 20 countries worldwide, the
highly-respected Lipper Fund Awards from Refinitiv have honoured
funds and fund management firms that have excelled in providing
consistently strong risk-adjusted performance relative to their
peers and focuses the investment world on top-funds. The merit of
the winners is based on entirely quantitative criteria. This
coupled with the unmatched depth of fund data, results in a unique
level of prestige and ensures the award has lasting value. Renowned
fund data and proprietary methodology is the foundation of this
prestigious award qualification, recognizing excellence in fund
management. Find out more at www.lipperfundawards.com.
The Lipper Fund Awards from Refinitiv, granted annually,
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 months. The fund with the highest Lipper Leader
for Consistent Return (Effective Return) value in each eligible
classification per award universe wins the Lipper Fund Award. For
more information, see www.lipperfundawards.com. Although Lipper
makes reasonable efforts to ensure the accuracy and reliability of
the data contained herein, the accuracy is not guaranteed by
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.
BMO Dividend Class Series A was awarded the 2019 Lipper Fund
Award in the Canadian Dividend & Income Equity category for the
three year period ending July 31,
2019 out of a total of 65 funds. Performance for the fund
for the period ended October 31, 2019
is 15.1% (1 year), 9.1% (3 years), 7.2% (5 years), 8.5% (10 years)
and 6.8% (since inception on October
12, 2004.)The corresponding Lipper Leader ratings of the
fund for the same period are as follows: 5 (3 years), 5 (5
years), 4 (10 years).
BMO Canadian Stock Selection Fund Series NBA was awarded the
2019 Lipper Fund Award in the Canadian Equity category for the
three year period ending July 31,
2019 out of a total of 80 funds. Performance for the fund
for the period ended October 31, 2019
is 13.2% (1 year), 8.0% (3 years), 6.1% (5 years), 7.3% (10 years)
and 6.4% (since inception on January
22, 1997).The corresponding Lipper Leader ratings of the
fund for the same period are as follows: 5 (3 years), 4 (5
years), 3 (10 years).
BMO Global Energy Class Series A was awarded the 2019 Lipper
Fund Award in the Energy Equity category for the three, five and
ten year periods ending July 31, 2019
out of a total of 16 funds. Performance for the fund for the period
ended October 31, 2019 is -16.8 % (1
year), -3.4% (3 years), -4.3% (5 years), 4.0% (10 years) and 6.0%
(since inception on November 17,
2008). The corresponding Lipper Leader ratings of the fund for
the same period are as follows: 5 (3 years), 5 (5 years), 5
(10 years).
BMO Low Volatility Canadian Equity ETF (ticker ZLB) was awarded
the 2019 Lipper Fund Award in the Canadian Equity category for the
five year period ending July 31, 2019
out of a total of 20 funds. Performance for the fund for the
period ended October 31, 2019 is 20.4
% (1 year), 9.0% (3 years), 9.9% (5 years), and 13.4% (since
inception on October 21,
2011). The corresponding Lipper Leader ratings of the fund for
the same period are as follows: 5 (3 years), 5 (5 years).
BMO Equal Weight US Banks Index ETF (ticker ZBK) was awarded the
2019 Lipper Fund Award in the Financial Services Equity category
for the three year period ending July 31,
2019 out of a total of 12 funds. Performance for the fund
for the period ended October 31, 2019
is 6.3% (1 year), 13.7% (3 years), 12.8% (5 years), and 12.6%
(since inception on February 10,
2014). The corresponding Lipper Leader ratings of the fund for
the same period are as follows: 5 (3 years), 5 (5 years).
BMO MSCI All Country World High Quality Index ETF (ticker ZGQ)
was awarded the 2019 Lipper Fund Award in the Global Equity
category for the three year period ending July 31, 2019 out of a total of 16 funds.
Performance for the fund for the period ended October 31, 2019 is 17.2% (1 year), 13.7% (3
years), and 13.2% (since inception on November 12, 2014). The corresponding Lipper
Leader ratings of the fund for the same period are as
follows: 5 (3 years).
BMO MSCI EAFE Index ETF (ticker ZEA) was awarded the 2019 Lipper
Fund Award in the International Equity category for the three
year period ending July 31, 2019 out
of a total of 15 funds. Performance for the fund for the period
ended October 31, 2019 is 11.4% (1
year), 7.8% (3 years), 7.4% (5 years), and 6.9% (since inception on
February 10, 2014). The
corresponding Lipper Leader ratings of the fund for the same period
are as follows: 4 (3 years), 4 (5 years).
The BMO ETFs or securities referred to herein are not sponsored,
endorsed or promoted by MSCI, and MSCI bears no liability with
respect to any such ETFs or securities or any index on which such
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.
SOURCE BMO Financial Group