TORONTO, Feb. 7, 2019 /CNW/ - BMO Asset Management Inc.
today announced changes to the risk rating for 16 BMO Exchange
Traded Funds (ETFs), effective immediately.
These changes are the result of an annual review conducted using
the investment risk classification methodology set forth 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
|
ZEO
|
BMO S&P/TSX Equal
Weight Oil & Gas Index ETF
|
High
|
Medium to
High
|
ZHY
|
BMO High Yield US
Corporate Bond Hedged to CAD Index ETF
|
Medium
|
Low to
Medium
|
ZEM
|
BMO MSCI Emerging
Markets Index ETF
|
Medium to
High
|
Medium
|
ZQQ
|
BMO NASDAQ 100 Equity
Hedged to CAD Index ETF
|
Medium to
High
|
Medium
|
ZIC.U
|
BMO Mid-Term US IG
Corporate Bond Index ETF
|
Low to
Medium
|
Low
|
ZMU
|
BMO Mid-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
Low to
Medium
|
Low
|
ZHP
|
BMO US Preferred
Share Hedged to CAD Index ETF
|
Medium to
High
|
Medium
|
ZUP
|
BMO US Preferred
Share Index ETF
|
Medium to
High
|
Medium
|
ZUP.U
|
BMO US Preferred
Share Index ETF
|
Medium to
High
|
Medium
|
BANK
|
BMO Global Banks
Hedged to CAD Index ETF
|
High
|
Medium to
High
|
DISC
|
BMO Global Consumer
Discretionary Hedged to CAD Index ETF
|
Medium to
High
|
Medium
|
ZVC
|
BMO MSCI Canada Value
ETF
|
Medium to
High
|
Medium
|
ZPW
|
BMO US Put Write
ETF
|
Medium
|
Low to
Medium
|
ZPW.U
|
BMO US Put Write
ETF
|
Medium
|
Low to
Medium
|
ZLE
|
BMO Low Volatility
Emerging Markets Equity ETF
|
Medium to
High
|
Medium
|
ZPH
|
BMO US Put Write
Hedged to CAD ETF
|
Medium
|
Low to
Medium
|
Further information about BMO ETFs can be found
at www.bmo.com/etfs.
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.
Commissions, management fees and expenses all may be associated
with investments in BMO ETFs. Please read the ETF facts or
prospectus of the relevant BMO ETF before investing. BMO ETFs
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.
NASDAQ®, and 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 BMO Asset
Management Inc. BMO Nasdaq 100 Equity Hedged to CAD Index ETF has
not been passed on by the Corporations as to their 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.
S&P® is a trademark of Standard & Poor's
Financial Services LLC ("S&P"). "TSX" is a trademark of TSX
Inc. These trademarks have been licensed for use by S&P Dow
Jones Indices LLC and sublicensed to BMO Asset Management Inc. in
connection with ZCN. ZCN is not sponsored, endorsed, sold or
promoted by S&P Dow Jones LLC, S&P, TSX, or their
respective affiliates and S&P Dow Jones Indices LLC, S&P,
TSX and their affiliates make no representation regarding the
advisability of trading or investing in such ETF.
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 $774 billion as
of October 31, 2018, 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