BMO Investments Inc. Announces Changes to Investment Strategies
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/17/12 -- BMO Investments Inc. today announced changes to the investment strategies of BMO Canadian Equity ETF Fund and BMO U.S. Equity ETF Fund (the "ETF Index Funds").
Each of BMO Canadian Equity ETF Fund and BMO U.S. Equity ETF Fund invests up to 100 per cent of its assets in securities of an underlying exchange-traded fund, namely BMO Dow Jones Canada Titans 60 Index ETF and BMO US Equity Hedged to CAD Index ETF (the "Underlying ETFs"), respectively. BMO Asset Management Inc., the manager of the Underlying ETFs, has announced that changes to the investment objectives of the Underlying ETFs were approved at a special meeting of unitholders. As a result, effective on or about September 21, 2012, the Underlying ETFs will seek to replicate the performance of new indices as follows:
The changes to the investment objectives of the Underlying ETFs will result in corresponding changes to the investment strategies of the ETF Index Funds.
The Underlying ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal.
"S&P®", "S&P 500®" and "S&P/TSX Capped Composite™" are trademarks of Standard & Poor's Financial Services LLC; "TSX" is a trademark of TSX, Inc.; "Dow Jones®", is a trademark and/or service mark of Dow Jones Trademark Holdings LLC and/or Brookfield Asset Management Inc., as the case may be. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management Inc. None of the Underlying ETFs are sponsored, endorsed, sold or promoted by any of the aforementioned trademark owners and the related index providers (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 Underlying ETFs.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group (PCG). BMO's group of wealth management businesses, PCG, serves a full range of client segments from mainstream to ultra-high net worth and institutional, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe, and had total assets under management and administration of $445 billion as at July 31, 2012.
Contacts:
Media Contacts:
Rachael McKay, Toronto
(416) 867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
Internet:
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Datum: 17.09.2012 - 21:44 Uhr
Sprache: Deutsch
News-ID 184084
Anzahl Zeichen: 6819
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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