News Releases
TORONTO, February 12, 2009 – BMO Asset Management today announced that a preliminary prospectus has been filed with the securities regulatory authorities in Canada with respect to seven new BMO exchange traded funds (ETFs), including the BMO Global Infrastructure ETF.
The BMO ETFs are as follows:
- BMO Canadian Government Bond ETF
- BMO Canadian Equity ETF
- BMO US Equity ETF
- BMO International Equity ETF
- BMO Emerging Markets Equity ETF
- BMO Global Infrastructure ETF
- BMO Dow Jones Industrial Average ETF
Jones Heward Investment Counsel Inc. (Jones Heward), an operating company within BMO Asset Management, will be the manager of the BMO ETFs.
- The BMO Canadian Government Bond ETF has been designed to replicate, to the extent possible, the performance of the Citigroup Canadian Government Bond Index.
- The BMO Canadian Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Canada Index.
- The BMO US Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones U.S. Market Index.
- The BMO International Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones World Developed ex-U.S. Index.
- The BMO Emerging Markets Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones World Emerging Markets Index.
- The BMO Global Infrastructure ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Brookfield Global Infrastructure Index.
- The BMO Dow Jones Industrial Average ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Industrial Average.
A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your financial advisor or from Jones Heward at www.bmo.com/etfs. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
About BMO Asset Management
BMO Asset Management ("BMO AM") is the umbrella structure for BMO Financial Group's institutional investment management companies: Jones Heward Investment Counsel Inc., Harris Investment Management, Inc., HIM Monegy, Inc. and Pyrford International Ltd. As a group, BMO AM has $41.8 billion in assets under management (October 31, 2008).
About Jones Heward
Jones Heward Investment Counsel Inc. is a Canadian investment manager and has over $29.7 billion in total assets under management as at October 31, 2008. Its clients include pensions, endowments, trusts, insurance company reserves, corporations and mutual funds. Jones Heward is an indirect, wholly-owned, subsidiary of Bank of Montreal.
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