- BMO Asset
Management Inc.'s new ZBIExchange Traded Fund offers access to yield enhancing segments of the bank funding market, including Limited Recourse Capital Notes (LRCNs) and preferred shares amid rising inflation and interest rates.
"Amid an environment of rising inflation and interest rates, investors are looking for innovative solutions that behave differently than traditional fixed income products," said
- BMO Canadian Bank Income Index ETF (ZBI): This ETF seeks to replicate the performance of Solactive Canadian Bank Income Index, a portfolio of traditional and non-traditional Canadian bank debt instruments including LRCNs and preferred shares.
Today's launch of ZBI, builds on BMO Asset Management Inc.'s recent addition of 10 new ETF listings that further expanded its suite of ESG ETFs to include a climate-focused solution, continued income innovation, and a broadened asset allocation ETF suite.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
The viewpoints expressed by the Portfolio Manager represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. Past performance is no guarantee of future results. This communication is intended for informational purposes only.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF's prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.
BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc. and BMO Investments Inc.
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About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been a leading ETF provider in
1Morningstar, |
About
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $988 billion as of October 31, 2021, and a team of diverse and highly engaged 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,
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