TORONTO, Jan. 18,
2024 /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
|
Previous
|
New
|
BMO Global Consumer
Discretionary Hedged to CAD Index ETF
|
DISC
|
Medium
|
Medium to
High
|
BMO Japan Index
ETF
|
ZJPN
|
Medium to
High
|
Medium
|
BMO Japan Index ETF
(Hedged Units)
|
ZJPN.F
|
Medium to
High
|
Medium
|
BMO Laddered Preferred
Share Index ETF (USD Units)
|
ZPR.U
|
Medium
|
Medium to
High
|
BMO Long-Term US
Treasury Bond Index ETF
|
ZTL
|
Medium
|
Medium to
High
|
BMO Nasdaq 100 Equity
Index ETF
|
ZNQ
|
Medium
|
Medium to
High
|
BMO US Preferred Share
Hedged to CAD Index ETF
|
ZHP
|
Low to
Medium
|
Medium
|
BMO US Preferred Share
Index ETF
|
ZUP
|
Low to
Medium
|
Medium
|
BMO US Preferred Share
Index ETF (USD Units)
|
ZUP.U
|
Low to
Medium
|
Medium
|
BMO Covered Call
Canadian Banks ETF (USD Units)
|
ZWB.U
|
Medium
|
High
|
BMO Covered Call
Utilities ETF
|
ZWU
|
Low to
Medium
|
Medium
|
BMO Monthly Income ETF
(USD Units)
|
ZMI.U
|
Low to
Medium
|
Medium
|
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
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.3 trillion as of October 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to over 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
SOURCE BMO Financial Group