BMO Asset Management Inc. Launches U.S. Dollar Unit Version of BMO US High Dividend Covered Call ETF
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/12/15 -- BMO Asset Management Inc. (BMO AM) today launched a new class of U.S. dollar units (the "USD Units") of BMO US High Dividend Covered Call ETF (ZWH.U), making it more convenient for Canadians who want to use U.S. dollars to invest.
BMO AM is a leading provider of ETFs listed in U.S. dollars in Canada. The addition of ZWH.U to BMO ETFs' lineup expands the number of BMO ETFs that offer USD Units to five:
"The U.S. market is becoming increasingly popular for Canadian investors. Many are seeking different ways to participate in it whether through the purchase of Canadian Dollar hedged units, Canadian Dollar unhedged units, or U.S. Dollar units," said Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO Asset Management Inc. "ETFs that are listed in Canada, but offered in U.S. dollar units, provide investors who are looking for U.S. exposure easy access and tax effective solutions."
The offering of the USD Units of BMO US High Dividend Covered Call ETF has closed, and it will begin trading on the Toronto Stock Exchange today.
Further information about BMO ETFs can be found at .
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(i)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.
S&P 500® is a trademark of Standard & Poor's Financial Services LLC ("S&P") and "TSX" is a trademark of TSX Inc. This trademark has been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with ZSP.U. The Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by BMO Asset Management Inc. in connection with ZSP.U. ZSP.U is not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in ZSP.U.
About BMO ETFs
Since its inception in June 2009, BMO GAM's ETF business has grown to 62 funds; each offers numerous benefits to investors, including transparency, lower costs and tax efficiencies, while covering a number of diverse asset classes, sectors and regions.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $589 billion and more than 46,000 employees at October 31, 2014.
Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
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Datum: 12.02.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 371169
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