TORONTO, July 23, 2020 /CNW/ - BMO Asset Management Inc.
today launched two new series of BMO MSCI USA High Quality Index ETF, providing
investors with more currency choice.
"This is a natural extension to our ETF lineup, as we have seen
an increase in interest around the quality factor and its
performance in the current market environment," said Mark Raes, Head of Product, BMO Global Asset
Management Canada. "These new series will complement our shelf and
provide investors with greater choice in terms of currency."
BMO MSCI USA High Quality
Index ETF (Hedged Units) (ZUQ.F)
BMO MSCI USA High Quality Index ETF (USD Units)
(ZUQ.U)
This ETF delivers exposure to U.S. high quality
stocks that are based on three main fundamental variables: high
return on equity; stable year-over-year earnings growth; and low
financial leverage. The ETF can be a core holding or provide
effective diversification in a portfolio of factor strategies.
The offering of the new ETF series has closed, and they will
begin trading on the TSX today.
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.
®/™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 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 ETFs' 10 Years of Leadership
Celebrating its
tenth year, BMO Financial Group's ETF business is a leading
ETF provider in Canada. Today it offers 82 mandates and has a
market share of 31 per cent 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 $987 billion as of April 30,
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