TORONTO, Feb. 24, 2017 /CNW/ - BMO Asset Management Inc. (BMO AM) will be adding six Exchange Traded Fund (ETF) listings on the Aequitas NEO Exchange (NEO Exchange). The new listings will provide clients with access to the full spectrum of the U.S. Treasury bond market, segmented by term.
"We're pleased to announce our first listings on the NEO exchange. We're very supportive of adding depth to the trading and listing infrastructure here in Canada. The NEO exchange is an innovative venue and has become a player in the Canadian market," said Kevin Gopaul, Head, BMO Global Asset Management Canada, Global Head of ETFs and Chief Investment Officer, BMO Asset Management Inc. "The new U.S. Treasury ETFs will help Canadian investors benefit during volatile markets with the added bonus of precise term positioning."
The offering of the new ETFs has closed, and they will begin trading on the NEO Exchange on February 28, 2017.
BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL/ZTL.U): This ETF is designed to invest in securities of the Bloomberg Barclays US Treasury Long Treasury Bond Index, providing investors with exposure to US Treasury indexes with greater than 10 years to maturity ─ providing a safety trade.
BMO Mid-Term US Treasury Bond Index ETF (Ticker: ZTM/ZTM.U): This ETF is designed to invest in securities of the Bloomberg Barclays US Treasury 5 – 10 Year Bond Index, providing investors with exposure to US Treasury indexes with 5 to 10 years to maturity acting as a portfolio diversification tool.
BMO Short-Term US Treasury Bond Index ETF (Ticker: ZTS/ZTS.U): This ETF is designed to invest in securities of the Bloomberg Barclays US Treasury 1 – 5 Year Bond Index, providing investors with exposure to US Treasury indexes with 1 to 5 years to maturity acting as short-term cash management tool.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
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*According to Bloomberg data
BMO ETFs are managed and administered by BMO Asset Management Inc., 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.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices, including the Index. Neither Bloomberg nor Barclays is affiliated with the Manager, and neither approves, endorses, reviews or recommends the fund(s) mentioned herein. Neither Bloomberg nor Barclays guarantees the timeliness, accurateness or completeness of any data or information relating to the Index and neither shall be liable in any way to the Manager, investors in fund(s) mentioned or other third parties in respect of the use or accuracy of the Index or any data included therein.
About BMO Exchange Traded Funds (ETFs)
Established in June 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
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 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, Wealth Management and BMO Capital Markets.