TORONTO, Feb. 18, 2021 /CNW/ - BMO Asset Management
Inc. (BMO AM) today launched four new Exchange Traded Funds (ETFs),
including a new Environmental, Social, and Governance (ESG)
ETF.
"At BMO Global Asset Management, we continue to advance our ESG
ETF lineup to meet the demands of investors. Adding a U.S. high
yield offering allows investors to further integrate ESG into their
portfolios," said Mark Raes, Head of
Product, BMO Global Asset Management Canada. "As well, adding new
tickers on popular ETFs helps us to partner with investors with
U.S. dollar portfolios."
BMO ESG High Yield US Corporate Bond Index ETF
(ESGH/ESGH.F): This ETF seeks to replicate the performance
of the ESG-focused Bloomberg Barclays MSCI US High Yield Liquid
Corporate Sustainability SRI Index. The offering is also available
in hedged units to provide investors protection from U.S. currency
exposure.
Additionally, BMO AM is expanding its currency options with the
launch of two new ETF series:
- BMO Nasdaq 100 Equity Index (USD Units) (ZNQ.U)
- BMO High Yield US Corporate Bond Index ETF (USD Units)
(ZJK.U)
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
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 ETF or securities referred to herein are not sponsored,
endorsed, sold or promoted by MSCI ESG Research LLC, Bloomberg
Index Services Limited, Barclays Bank PLC or any of their
respective affiliates, information providers or any other third
party (the "Index Parties"). The Index Parties do not make (and
hereby disclaim) all representations and warranties, express or
implied, to (a) the issuer or owners of the ETF, or securities
referred to herein and (b) any other person or entity regarding the
ETF or securities. None of the Index Parties shall have any
liability with respect to (i) the ETF or securities or any index on
which the ETF or securities are based, (ii) any errors, omissions
or interruptions of or in connection with any Bloomberg Barclays
MSCI ESG index or any data included therein, or (iii) any direct,
indirect, special, punitive, consequential or any other damages
(including lost profits). The ETF's prospectus contains a more
detailed description of the limited relationship the Index Parties
have with the Manager and any related ETFs.
Commissions, management fees and expenses 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.
®/™Registered trademarks/trademark of Bank of Montreal,
used under licence.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been a leading ETF provider in Canada for 11 years, with over 100 strategies
and approximately 30 per cent market share in Canada1. 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.
1Morningstar, December 2020
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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