News Releases

TORONTO, ONTARIO--(Marketwire - Oct. 27, 2011) - BMO Asset Management Inc. (BMO AM) today introduced four new funds to BMO's Exchange Traded Fund (ETF)* product suite. The new ETFs fulfill a strong market demand for income generating investment products with a range of risk levels.

The new additions reflect BMO's commitment to meeting the needs of investors who are looking for investment products that provide access to potential income in times of market instability. A study from BMO, conducted by Leger Marketing, found that almost three-quarters of Canadians want to generate more income from their investments.

"We are constantly striving to provide investors with new and innovative products, many of which are industry firsts," said Kevin Gopaul, Vice-President & Chief Investment Officer, BMO Asset Management Inc. "Canadians have told us that they want more income from their investments; we have answered this demand by introducing four new ETFs that are timely, transparent, low in cost and provide exposure to diverse sectors and markets."

The offering of the following new ETFs has closed and they will begin trading on the Toronto Stock Exchange today:

BMO Canadian Dividend ETF (ZDV)

• Provides exposure to a yield-weighted portfolio of Canadian dividend-paying stocks.

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (ZWA)**

• Provides exposure to the 30 U.S. Blue Chip companies that make up the Dow Jones Industrial Average, while potentially earning call option premiums.

BMO Covered Call Utilities ETF (ZWU)

• Allows investors to access a portfolio of widely recognized Canadian utilities companies, which include telecommunications and pipeline companies, while potentially earning call option premiums.

BMO Low Volatility Canadian Equity ETF (ZLB)

• Seeks to provide long term capital growth, with less volatility than the broad market, through exposure to a weighted portfolio of lower beta Canadian stocks.

Since its inception in June 2009, BMO AM's ETF offering has grown to 44 funds; each offers numerous benefits to investors, including lower costs and tax efficiencies, while covering a number of diverse asset classes, sectors and regions. BMO AM recently announced that its ETF business has reached more than $3 billion in assets under management in less than two and a half years.

*BMO ETFs are administered and managed by BMO Asset Management Inc., a portfolio manager and a separate legal entity from Bank of Montreal.

**The Dow Jones Industrial Average^(SM) is a product of Dow Jones Indexes, a licensed trade-mark of CME Group Index Services LLC ("CME"), and has been licensed for use. "Dow Jones^®, "Dow Jones Industrial Average^(SM)" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed for use for certain purposes. BMO ETFs based on Dow Jones indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product(s).

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.

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 $477 billion as at July 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

For more information on BMO ETFs, please visit http://www.etfs.bmo.com/.