TORONTO, Feb. 9, 2018 /CNW/ - BMO Asset Management
Inc. today announced changes to the risk rating for certain BMO
Exchange Traded Funds (ETFs)*, effective immediately.
These changes are the result of the annual review which was
conducted using the new investment risk classification methodology
introduced in National instrument 81-102 – Investment Funds.
No material changes have been made to the investment objectives,
strategies or management of the BMO ETFs.
The risk-rating changes are as follows:
|
Ticker
|
ETF
Name
|
Current
Rating
|
New
Rating
|
|
BANK
|
BMO Global Banks
Hedged to CAD Index ETF
|
Medium to
High
|
High
|
|
DISC
|
BMO Global Consumer
Discretionary Hedged to CAD Index ETF
|
Medium
|
Medium to
High
|
|
INSR
|
BMO Global Insurance
Hedged to CAD Index ETF
|
Medium
|
Medium to
High
|
|
ZBK
|
BMO Equal Weight US
Banks Index ETF
|
Medium to
High
|
High
|
|
ZEO
|
BMO Equal Weight Oil
& Gas Index ETF
|
Medium to
High
|
High
|
|
ZHP
|
BMO US Preferred
Share Hedged to CAD Index ETF
|
Medium
|
Medium to
High
|
|
ZHY
|
BMO High Yield US
Corporate Bond Hedged to CAD Index ETF
|
Low to
Medium
|
Medium
|
|
ZIC
|
BMO Mid-Term US IG
Corporate Bond Index ETF
|
Low
|
Low to
Medium
|
|
ZIC.U
|
BMO Mid-Term US IG
Corporate Bond Index ETF
|
Low
|
Low to
Medium
|
|
ZMU
|
BMO Mid-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
Low
|
Low to
Medium
|
|
ZPH
|
BMO US Put Write
Hedged To CAD ETF
|
Low to
Medium
|
Medium
|
|
ZPW
|
BMO US Put Write
ETF
|
Low to
Medium
|
Medium
|
|
ZPW.U
|
BMO US Put Write
ETF
|
Low to
Medium
|
Medium
|
|
ZQQ
|
BMO NASDAQ 100 Equity
Hedged to CAD Index ETF
|
Medium
|
Medium to
High
|
|
ZTL
|
BMO Long-Term US
Treasury Bond Index ETF
|
Low to
Medium
|
Medium to
High
|
|
ZTL.U
|
BMO Long-Term US
Treasury Bond Index ETF
|
Low to
Medium
|
Medium
|
|
ZTM
|
BMO Mid-Term US
Treasury Bond Index ETF
|
Low
|
Medium
|
|
ZTS
|
BMO Short-Term US
Treasury Bond Index ETF
|
Low
|
Low to
Medium
|
|
ZUB
|
BMO Equal Weight US
Banks Hedged to CAD Index ETF
|
Medium to
High
|
High
|
|
ZUP
|
BMO US Preferred
Share Index ETF
|
Medium
|
Medium to
High
|
|
ZUP.U
|
BMO US Preferred
Share Index ETF
|
Medium
|
Medium to
High
|
|
ZVC
|
BMO MSCI Canada Value
ETF
|
Medium
|
Medium to
High
|
The changes described above are reflected in the BMO ETFs'
prospectuses and each applicable ETF Facts, which have
been with Canadian securities regulators and are dated
February 2, 2018.
Further information about BMO ETFs can be found
at www.bmo.com/etfs.
*BMO ETFs are administered and managed by BMO Asset Management
Inc., which is an investment fund manager and portfolio manager and
a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated
with investments in exchange traded funds. Please read the
prospectus before investing. Exchange traded funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®,
are registered trademarks of The NASDAQ OMX Group, Inc. (which with
its affiliates is referred to as the "Corporations") and are
licensed for use by BMO Asset Management Inc. The BMO Nasdaq 100
Equity Hedged to CAD Index ETF has not been passed on by the
Corporations as to its legality or suitability and is not issued,
endorsed, sold, or promoted by the Corporations. THE CORPORATIONS
MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO The BMO
Nasdaq 100 Equity Hedged to CAD Index ETF.
The exchange traded funds or securities referred to herein are
not sponsored, endorsed or promoted by MSCI, and MSCI bears no
liability with respect to any such funds or securities or any index
on which such funds or securities are based. The prospectus
contains a more detailed description of the limited relationship
MSCI has with BMO Asset Management Inc. and any related funds.
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 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
$710 billion as of October 31, 2017, and more than 45,000 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, Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group