Business & Finance
Business and Finance
Business and Finance
Thu, August 16, 2012
Wed, August 15, 2012 BMO Asset Management Announces Proposed Changes to Investment Objectives of Certain BMO ETFs
August 15, 2012 17:59 ET
BMO Asset Management Announces Proposed Changes to Investment Objectives of Certain BMO ETFs
TORONTO, ONTARIO--(Marketwire - Aug. 15, 2012) - BMO Asset Management Inc. (BMO Asset Management) announced today that a special meeting of unitholders (Special Meeting) has been called to consider and approve changes to the investment objectives of certain BMO Exchange Traded Funds (BMO ETFs) such that they will seek to replicate the performance of new indices as follows:
| BMO ETF | Ticker | Proposed New Index | Proposed New Name |
| BMO Dow Jones Canada Titans 60 Index ETF | ZCN | S&P/TSX Capped Composite Index | BMO S&P/TSX Capped Composite Index ETF |
| BMO US Equity Hedged to CAD Index ETF | ZUE | S&P 500 Hedged to Canadian Dollars Index | BMO S&P 500 Hedged to CAD Index ETF |
| BMO Global Infrastructure Index ETF | ZGI | Dow Jones Brookfield Global Infrastructure North American Listed Index | N/A |
| BMO China Equity Hedged to CAD Index ETF | ZCH | BNY Mellon China Select ADR Index | BMO China Equity Index ETF |
| BMO India Equity Hedged to CAD Index ETF | ZID | BNY Mellon India Select DR Index | BMO India Equity Index ETF |
The Special Meeting will be held in Toronto at 10:00a.m. on September 13, 2012. Details of the proposed changes will be outlined in a joint management information circular, which will be prepared and delivered to unitholders of record as of August 15, 2012. Implementation of the changes will also be subject to acceptance by the Toronto Stock Exchange.
The BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal. Further information about BMO ETFs can be found at [ www.bmo.com/etfs ].
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.
"S&P®", "S&P 500®" and "S&P/TSX Capped Composite™" are trademarks of Standard & Poor's Financial Services LLC; "TSX" is a trademark of TSX, Inc.; "Dow Jones®", "Brookfield" and "Dow Jones Brookfield Global Select Infrastructure North American Listed Index" are trademarks and/or service marks of Dow Jones Trademark Holdings LLC and/or Brookfield Asset Management Inc., as the case may be; and "BNY Mellon" is a service mark of The Bank of New York Mellon. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management. None of the BMO ETFs are sponsored, endorsed, sold or promoted by any of the aforementioned trademark owners and the related index providers (including S&P Dow Jones Indices LLC), or their respective affiliates or their third party licensors, and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.
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 $526 billion as at April 30, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
