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TORONTO, ONTARIO--(Marketwired - Jan 29, 2016) - BMO Asset Management Inc. today announced risk-rating changes to two BMO Exchange-Traded Funds (ETFs): BMO Equal Weight US Banks Index ETF (TSX:ZBK) and BMO Equal Weight US Banks Hedged to CAD Index ETF (TSX:ZUB). The risk-rating changes as set out below are effective immediately.
|ZBK||BMO Equal Weight US Banks Index ETF||High||Medium to High|
|ZUB||BMO Equal Weight US Banks Hedged to CAD Index ETF|
These new risk-rating changes are the result of an annual review and better align with the ETFs' risk levels. No material changes have been made to the investment objectives, strategies or management of these ETFs.
The changes described above will be reflected in the BMO ETFs' prospectus and each applicable summary document, which will be filed with Canadian securities regulators on January 29, 2016.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
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, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of approximately $642 billion as of October 31, 2015, and close to 47,000 employees, BMO provides a broad range of retail 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.
BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager and a 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.
Amanda Robinson, Toronto