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BMO Asset Management Inc. Announces Risk-Rating Changes to Select BMO ETFs

TORONTO, Feb. 9, 2018 /CNW/ - BMO Asset Management Inc. today announced changes to the risk rating for certain BMO Exchange Traded Funds (ETFs)*, effective immediately.

These changes are the result of the annual review which was conducted using the new investment risk classification methodology introduced in National instrument 81-102 – Investment Funds. No material changes have been made to the investment objectives, strategies or management of the BMO ETFs. 

The risk-rating changes are as follows:

Ticker

ETF Name

Current
Rating

New
Rating

BANK

BMO Global Banks Hedged to CAD Index ETF

Medium to High

High

DISC

BMO Global Consumer Discretionary Hedged to CAD Index ETF

Medium

Medium to High

INSR

BMO Global Insurance Hedged to CAD Index ETF

Medium

Medium to High

ZBK

BMO Equal Weight US Banks Index ETF

Medium to High

High

ZEO

BMO Equal Weight Oil & Gas Index ETF

Medium to High

High

ZHP

BMO US Preferred Share Hedged to CAD Index ETF

Medium

Medium to High

ZHY

BMO High Yield US Corporate Bond Hedged to CAD Index ETF

Low to Medium

Medium

ZIC

BMO Mid-Term US IG Corporate Bond Index ETF

Low

Low to Medium

ZIC.U

BMO Mid-Term US IG Corporate Bond Index ETF

Low

Low to Medium

ZMU

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

Low

Low to Medium

ZPH

BMO US Put Write Hedged To CAD ETF

Low to Medium

Medium

ZPW

BMO US Put Write ETF

Low to Medium

Medium

ZPW.U

BMO US Put Write ETF

Low to Medium

Medium

ZQQ

BMO NASDAQ 100 Equity Hedged to CAD Index ETF

Medium

Medium to High

ZTL

BMO Long-Term US Treasury Bond Index ETF

Low to Medium

Medium to High

ZTL.U

BMO Long-Term US Treasury Bond Index ETF

Low to Medium

Medium

ZTM

BMO Mid-Term US Treasury Bond Index ETF

Low

Medium

ZTS

BMO Short-Term US Treasury Bond Index ETF

Low

Low to Medium

ZUB

BMO Equal Weight US Banks Hedged to CAD Index ETF

Medium to High

High

ZUP

BMO US Preferred Share Index ETF

Medium

Medium to High

ZUP.U

BMO US Preferred Share Index ETF

Medium

Medium to High

ZVC

BMO MSCI Canada Value ETF

Medium

Medium to High

 

The changes described above are reflected in the BMO ETFs' prospectuses and each applicable ETF Facts, which have been with Canadian securities regulators and are dated February 2, 2018.

Further information about BMO ETFs can be found at www.bmo.com/etfs.

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

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

Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by BMO Asset Management Inc. The BMO Nasdaq 100 Equity Hedged to CAD Index ETF has not been passed on by the Corporations as to its legality or suitability and is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO The BMO Nasdaq 100 Equity Hedged to CAD Index ETF.

The exchange traded funds or securities referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related funds.

About BMO Exchange Traded Funds (ETFs)
Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.

About BMO Financial Group
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 $710 billion as of October 31, 2017, and more than 45,000 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, Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

For further information: Media Contacts: Alicia Skrinjar, Toronto, alicia.skrinjar@bmo.com, (416) 867-3996; Valérie Doucet, Montreal, valerie.doucet@bmo.com, (514) 877-8224

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