News Releases
TORONTO, Jan. 11, 2019 /CNW/ - BMO Investments Inc. today announced the launch of ETF Series units for the actively-managed BMO Tactical Dividend ETF Fund.
BMO Tactical Dividend ETF Fund – ETF Series (Ticker: ZZZD) provides investors access to a portfolio that protects investments and identifies tactical growth opportunities. The fund invests primarily in dividend-paying ETFs and also capitalizes on short-term investment strategies.
The offering of ETF Series units of the fund has closed and it will begin trading on the Toronto Stock Exchange today.
"Over the past 20 years, investors have increasingly needed to take a higher level of risk to maintain income and returns. With today's volatile markets, repositioning investments and risk management is more important than ever," said Mark Raes, Head of Product, BMO Global Asset Management. "Using ETFs, the fund can pivot efficiently to be aggressive or defensive depending on the markets, while letting the investor sleep well at night."
BMO Tactical Dividend ETF Fund is sub-advised by Larry Berman of ETF Capital Management, who has more than 30 years of extensive industry experience in fundamental and technical analysis as well as managing ETF portfolios.
Further, BMO Tactical Dividend ETF Fund Series A was awarded 'Best Mutual Fund in the Tactical Balanced Space over Three Years' at the 2018 Thomson Reuters Lipper Fund Awards.
Mr. Raes added that BMO Global Asset Management continues to be a Canadian leader in combining active and passive investing through its suite of award-winning ETFs and mutual funds.
®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO's specialized investment management firms.
BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing. BMO ETFs and ETF Series are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF Series of the BMO Mutual Funds trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmo.com/etfs.
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 and ETF Series of the BMO Mutual Funds 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 $774 billion as of October 31, 2018, and a team of diverse and highly engaged 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, BMO Wealth Management and BMO Capital Markets.
About ETF Capital Management (ETFCM)
Established in 2006 by Larry Berman and Partners, ETFCM is one of Canada's leading wealth management firms, with deep expertise in smart ETF-based investment strategies and financial/estate planning. ETFCM is a founding member of the Quintessence Wealth Partnership. For more information, visit www.ETFCM.com and www.QWealth.com
About The Lipper Fund Awards
The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
Lipper and Lipper Leader are trademarks of Lipper Limited, a Thomson Reuters Company, and have been licensed for use by the Bank of Montreal.
BMO Tactical Divided ETF Fund Series A was awarded the 2018 Lipper Fund Award in the Canadian Tactical Balanced category for the three year period ending July 31, 2018 out of a total of 40 funds. The corresponding Lipper Leader ratings of the fund for the same period are as follows: 5 (3 years), N/A (5 years), N/A (10 years).
SOURCE BMO Financial Group
