TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - BMO Asset Management Inc. (BMO AM) today introduced four new funds to its Exchange Traded Fund (ETF)* product suite.
"In today's financial environment where the markets are constantly changing, people are looking for investment products that can keep pace with these changes, and we have had that in mind when expanding and evolving our lineup," said Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO Asset Management Inc. "BMO Asset Management is a leader in providing innovative, timely and competitive ETF products. These four new funds are just the latest example of how we strive to anticipate and fulfill critical investor needs."
The offering of the following new ETFs has closed and they will begin trading on the Toronto Stock Exchange today:
BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR)
- Uniquely designed to reduce interest rate sensitivity compared to the preferred share market by using rate resets, while providing investors with portfolio diversification and tax-efficient dividend income.
BMO S&P/TSX Equal Weight Industrials Index ETF (ZIN)
- Provides exposure to a growth sector not previously offered in Canada, while reducing the weight in the largest companies.
BMO S&P/TSX Equal Weight Global Gold Index ETF (ZGD)
- Provides equal-weighted exposure to global gold companies.
BMO S&P 500 Index ETF (ZSP/ZSP.u)
- Allows investors to access the U.S. equities market with exposure to U.S. currency movement, purchased either with Canadian or U.S. dollars.
Since its inception in May 2009, BMO AM's ETF business has grown to 48 funds; each offers numerous benefits to investors, including lower costs and tax efficiencies, while covering a number of diverse asset classes, sectors and regions.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
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*BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager and investment fund manager and 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 prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
"S&P®" and "S&P 500®" are trademarks of Standard & Poor's Financial Services LLC. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management. None of the BMO ETFs are sponsored, endorsed, sold or promoted by the aforementioned trademark owner and the related index provider (including S&P Dow Jones Indices LLC), or their respective affiliates or their third party licensors, and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.
About BMO Exchange Traded Funds (ETFs)
Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. Since its inception, the lineup of BMO ETFs has grown to 48 funds and includes several industry firsts. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.