TORONTO, Jan. 17,
2023 /CNW/ - BMO Asset Management Inc. (BMOAM), the
manager of the BMO Exchange Traded Funds (BMO ETFs), today
announced changes to the risk ratings for certain BMO ETFs.
These risk rating changes are based on the standardized risk
classification methodology mandated by the Canadian Securities
Administrators and an annual review conducted by BMOAM to determine
the risk level of the BMO ETFs.
Effective immediately, the risk ratings for the following BMO
ETFs have changed as set out below:
|
BMO ETF
Name
|
Ticker
|
Current Risk
Rating
|
New Risk
Rating
|
|
BMO Conservative
ETF
|
ZCON
|
Low
|
Low to
Medium
|
|
BMO Covered Call
Technology ETF
|
ZWT
|
Medium
|
Medium to
High
|
|
BMO Equal Weight US
Health Care Hedged to CAD Index ETF
|
ZUH
|
Medium
|
Medium to
High
|
|
BMO ESG US Corporate
Bond Hedged to CAD Index ETF
|
ESGF
|
Low
|
Low to
Medium
|
|
BMO Japan Index
ETF
|
ZJPN
|
Medium
|
Medium to
High
|
|
BMO Low Volatility
International Equity ETF
|
ZLI
|
Low to
Medium
|
Medium
|
|
BMO Low Volatility
International Equity Hedged to CAD ETF
|
ZLD
|
Low to
Medium
|
Medium
|
|
BMO Low Volatility US
Equity ETF
|
ZLU
|
Low to
Medium
|
Medium
|
|
BMO Low Volatility US
Equity ETF (USD Units)
|
ZLU.U
|
Low to
Medium
|
Medium
|
|
BMO Low Volatility US
Equity Hedged to CAD ETF
|
ZLH
|
Low to
Medium
|
Medium
|
|
BMO Mid-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
ZMU
|
Low
|
Low to
Medium
|
|
BMO Mid-Term US IG
Corporate Bond Index ETF (USD Units)
|
ZIC.U
|
Low
|
Low to
Medium
|
|
BMO MSCI China ESG
Leaders Index ETF
|
ZCH
|
Medium to
High
|
High
|
|
BMO MSCI USA High
Quality Index ETF (Hedged Units)
|
ZUQ.F
|
Medium
|
Medium to
High
|
|
BMO Nasdaq 100 Equity
Hedged to CAD Index ETF
|
ZQQ
|
Medium
|
Medium to
High
|
|
BMO Nasdaq 100 Equity
Index ETF (USD Units)
|
ZNQ.U
|
Medium
|
Medium to
High
|
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.
NASDAQ®, and NASDAQ-100 Index® or NASDAQ-100 Index® Hedged to
CAD, are registered trademarks of Nasdaq, Inc. (which with its
affiliates is referred to as the "Corporations") and are licensed
for use by BMOAM. The BMO ETFs have not been passed on by the
Corporations as to their legality or suitability. The BMO ETFs are
not issued, endorsed, sold, or promoted by the Corporations. The
Corporations make no warranties and bear no liability with respect
to the BMO ETFs.
Commissions, management fees and expenses (if any) 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.
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 trademarks/trademark of Bank of Montreal, used under licence.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
About BMO Exchange Traded Funds (ETFs)
BMO
Exchange Traded Funds has been an ETF provider in Canada for more than 12 years, with over 100
strategies, over 25 per cent market share in Canada1, and
$87.7 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.
1 Morningstar, December
2022
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
$1.14 trillion as of October 31, 2022, 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 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