TORONTO, Jan. 15, 2021 /CNW/ - BMO Asset Management Inc.
today announced changes to the risk rating for 11 BMO Exchange
Traded Fund (BMO ETF) listings.
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.
Effective immediately, the risk ratings for the following BMO
ETFs have changed:
|
Ticker
|
ETF
Name
|
Current
Rating
|
New
Rating
|
|
ZEO
|
BMO S&P/TSX Equal
Weight Oil & Gas Index ETF
|
Medium to
High
|
High
|
|
ZCH
|
BMO China Equity
Index ETF
|
High
|
Medium to
High
|
|
ZIN
|
BMO Equal Weight
Industrials Index ETF
|
Medium
|
Medium to
High
|
|
ZPR
|
BMO Laddered
Preferred Share Index ETF
|
Low to
Medium
|
Medium
|
|
ZBK
|
BMO Equal Weight US
Banks Index ETF
|
Medium to
High
|
High
|
|
STPL
|
BMO Global Consumer
Staples Hedged to CAD Index ETF
|
Medium
|
Low to
Medium
|
|
ZDY
|
BMO US Dividend
ETF
|
Low to
Medium
|
Medium
|
|
ZFH
|
BMO Floating Rate
High Yield ETF
|
Low
|
Low to
Medium
|
|
ZLD
|
BMO Low Volatility
International Equity Hedged to CAD ETF
|
Low to
Medium
|
Medium
|
|
ZWK
|
BMO Covered Call US
Banks ETF
|
Medium to
High
|
High
|
|
ZMID.U
|
BMO S&P US Mid
Cap Index ETF (USD Units)
|
Medium
|
Medium to
High
|
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. Distributions are not guaranteed and
are subject to change and/or elimination.
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.
S&P®, and S&P/TSX Capped
Composite® are registered trademarks of Standard &
Poor's Financial Services LLC ("S&P") and "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 ZEO and ZMID.U. The ZEO and ZMID.U are 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 BMO ETF(s).
BNY Mellon is a corporate brand of The Bank of New York Mellon
Corporation and may be used to designate or reference the
corporation as a whole or its various subsidiaries. BNY Mellon, BNY
Mellon ADR Index and BNY Mellon DR Index are service marks owned by
The Bank of New York Mellon Corporation and have been licensed to
BMO Asset Management Inc. for use with certain BMO Asset Management
Exchange Traded Funds ("BMO ETFs"). The information provided herein
is for general purposes only and is not investment advice. BNY
Mellon provides no advice nor recommendations or endorsement with
respect to any company, security or products based on any index
licensed by BNY Mellon, including the BMO ETFs, and BNY Mellon
makes no representation regarding the advisability of investing in
the BMO ETFs. BNY Mellon's Depository Receipt business is conducted
through BNY Mellon. BNY Mellon does not guarantee the accuracy,
timeliness and/or completeness of BNY Mellon ADR Index, BNY Mellon
DR Index, or any associated indices, or any data included therein,
and BNY Mellon shall have no liability for any errors, omissions,
or interruptions therein. BNY Mellon makes no express or implied
warranties, and expressly disclaims all warranties of
merchantability or fitness for a particular purpose or use with
respect to BNY Mellon ADR Index, BNY Mellon DR Index or any
associated indices, or any data included therein, or any materials
derived from such data or any products based on any index licensed
by BNY Mellon, including the BMO ETFs. Without limiting any of the
foregoing, in no event shall the BNY Mellon have any liability for
any special, punitive, indirect, or consequential damages
(including lost profits), even if notified of the possibility of
such damages.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
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 $949 billion as
of October 31, 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