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BMO Financial Group Announces Significant Expansion of BMO Exchange Traded Funds (ETFs)Only major financial institution in Canada offering ETFs adds nine new products

TORONTO, October 26, 2009 – Today at the opening of Toronto Stock Exchange BMO Financial Group announced a significant expansion of its BMO Exchange Traded Funds (ETF)* product line, solidifying its commitment as the only major financial institution in Canada to offer a family of ETFs. The addition of nine ETFs brings the total offered by BMO to 13.

“We are excited to announce the expansion of our ETF product line. It is part of BMO's commitment to providing our clients with the most diverse group of products, solutions, best education and support in the field of investments and a testament to our dedication to helping clients make sense of their finances.” said Gilles Ouellette, President and CEO, BMO Private Client Group.

“In order to bring our clients the best of the ETF world, we have brought on board one of the most experienced teams in Canada led by Rajiv Silgardo, with a history of ETF firsts and many years of experience in managing institutional and retail ETF strategies,” added Ouellette.

“BMO ETFs full suite of products provide our clients further options for diversification, liquidity, risk control and cost effectiveness, allowing them to select and implement the optimal combination of investments to help them build the right portfolio to help meet their unique investment goals,” said Rajiv Silgardo, Head of BMO ETFs.

New BMO ETF Products (www.bmo.com/etfs)

  • BMO Short Federal Bond Index ETF (ZFS)
  • BMO Short Provincial Bond Index ETF (ZPS)
  • BMO Short Corporate Bond Index ETF (ZCS)
  • BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY)
  • BMO S&P/TSX Equal Weight Banks Index ETF (ZEB)
  • BMO S&P/TSX Equal Weight Oil & Gas Index ETF (ZEO)
  • BMO International Equity Hedged to CAD Index ETF (ZDM)
  • BMO Emerging Markets Equity Index ETF (ZEM)
  • BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT)

Existing ETFs

  • BMO Canadian Government Bond Index ETF (ZGB) has been designed to replicate, to the extent possible, the performance of the Citigroup Canadian Government Bond Index.
  • BMO Dow Jones Canada Titans 60 Index ETF (ZCN) has been designed to replicate, to the extent possible, the performance of the Dow Jones Canada Titans 60 Index.
  • BMO US Equity Hedged to CAD Index ETF (ZUE) has been designed to replicate, to the extent possible, the performance of the Dow Jones U.S. Large-Cap Index (CAD hedged).
  • BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ) has been designed to replicate, to the extent possible, the performance of the Dow Jones Industrial Average (CAD hedged).

Much like a stock, an ETF is an investment vehicle that is listed and traded on stock exchanges and which can be bought or sold directly during trading hours. ETFs are baskets of securities which consist of stocks, bonds or other assets and generally aim to track the performance of an index.

*BMO ETFs are managed and administered by Jones Heward Investment Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal

About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $415 billion as at July 31, 2009, and more than 36,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.

"Dow Jones," “Dow Jones Industrial Average”, “Dow Jones Canada Titans 60”, “DIAMONDS” and “Titans” are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes. The BMO ETFs based on Dow Jones' indexes are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in such ETFs.

Standard & Poor's� and S&P� are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”) and “TSX” is a trademark of Toronto Stock Exchange. These trademarks have been licensed for use by BM0. The BMO ETF is not sponsored, endorsed, sold or promoted by S&P or Toronto Stock Exchange, and S&P and Toronto Stock Exchange make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the BMO ETF.

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