TORONTO, Jan. 26, 2021 /CNW/ - BMO Asset Management Inc.
today launched 11 new Exchange Trade Funds (ETFs), including a
suite of ETFs focused on innovation.
"We are focusing on disruptive innovation, which is about
looking at long-term mega trends that are poised to transform the
economy. These mega trends are top-down views that have proven to
be the powerful market drivers that change the way we live, behave
and interact with the world," said Kevin
Gopaul, President, ETFs, BMO Global Asset Management. "We
are also bringing the S&P Global Clean Energy Index – one of
the world's most recognized clean energy indexes – to Canada. BMO is excited to offer a
comprehensive suite of products providing investors exposure to
some of these mega trends, and other emerging themes."
The new ETFs and ETF series include:
Innovation
BMO ETFs is the first in Canada
to provide access to five MSCI Innovation Indexes including:
- BMO MSCI Innovation Index ETF (ZINN): Generally invests
in a variety of innovative companies that have high exposure to the
following themes: autonomous technology & industrial
innovation, genomic innovation, fintech innovation, and next
generation internet innovation.
- BMO MSCI Tech & Industrial Innovation Index ETF
(ZAUT): Generally invests in companies with high exposure to
business activities such as the development of new products and
services as a result of technological innovation in industrial
automation, manufacturing, transportation, energy usage, energy
storage, energy production as well as in artificial intelligence
and machine learning.
- BMO MSCI Fintech Innovation Index ETF (ZFIN): Generally
invests in companies with high exposure to business activities such
as digital and mobile payments, blockchain technologies or peer to
peer transactions, and digital platforms which include targeted
marketing and financial services platforms.
- BMO MSCI Genomic Innovation Index ETF (ZGEN): Generally
invests in companies which are determined to have a high exposure
to business activities such as gene editing, agricultural
biotechnology, molecular diagnostics, genome related hardware for
analytics and diagnostics, bioinformatics, targeted therapeutics,
and gene and stem cell therapies.
- BMO MSCI Next Gen Internet Innovation Index ETF (ZINT):
Generally invests in companies with high exposure to business
activities such as cloud computing, internet of things (IoT),
mobile and digital payments, e-commerce, social media, blockchain
or P2P, machine learning, and artificial intelligence
technologies.
Clean Energy
- BMO Clean Energy Index ETF (ZCLN): Generally invests in
a variety of global clean energy companies. These securities are
involved in clean energy related businesses. The S&P Global
Clean Energy Index comprises a diversified mix of clean energy
production and clean energy equipment & technology
companies.
Covered Call
- BMO Covered Call Technology ETF (ZWT): Provides exposure
to a portfolio of technology and technology related companies to
generate income and provide long-term capital appreciation while
mitigating downside risk through the use of covered call
options.
Fixed Income
- BMO Short Term US TIPS Index ETF (ZTIP/ ZTIP.F/ZTIP.U):
Provides exposure to U.S. Treasury Inflation Protected Securities,
while acting as an inflation hedge in portfolios.
New Series
- BMO MSCI USA ESG Leaders
Index ETF (Hedged Units) (ESGY.F): Expanding this ESG offering
to include a new hedged series providing investors with more
currency choices.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
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.
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.
®/™Registered trade-marks/trade-mark 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 11 years, with 103 mandates and 30 per cent
market share in Canada. 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 award-winning 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
$949 billion as of October 31, 2020, 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