BMO Asset Management Announces Filing of Preliminary Prospectus for BMO Exchange Traded Funds
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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