BMO to List New ETFs on NEO
Toronto – Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce that BMO Asset Management Inc. (“BMO AM”) plans to list exchange traded funds (ETFs) on NEO. Subject to receiving final NEO Exchange approval, the following BMO ETFs (the “US Treasury ETFs”) are expected to be listed in mid-February 2017:
|Fund name||CAD Series Ticker||USD Series Ticker|
|BMO Long-Term US Treasury Bond Index ETF||ZTL||ZTL.U|
|BMO Mid-Term US Treasury Bond Index ETF||ZTM||ZTM.U|
|BMO Short-Term US Treasury Bond Index ETF||ZTS||ZTS.U|
The BMO US Treasury ETFs are the first ETFs to be listed on NEO by BMO AM and will provide access to a full spectrum of the U.S. Treasury bond market segmented by term.
“We are excited to offer our U.S. Treasury ETFs on the NEO Exchange, providing clients with access to asset classes that are currently underserviced in the Canadian market place” said Kevin Gopaul, Head, BMO Global Asset Management Canada, “We’ve watched NEO implement competitive and cost-efficient solutions to improve the Canadian ETF landscape and look forward to experiencing their investor-friendly service and support first-hand.”
“We are thrilled BMO Asset Management Inc. has decided to list their US Treasury ETFs with us. Our two firms are aligned in our efforts to always find cost efficiencies we can pass through to our clients” stated Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “BMO is a true leader when it comes to embracing innovation and we are happy to welcome them as a listing partner on the NEO Exchange.”
The new BMO US Treasury ETFs will join a number of ETFs from a number of ETF manufacturers set to commence trading in 2017 on NEO. For a complete view of listings commitments, please visit: https://aequitasneoexchange.com/en/listings/neo-listings-directory-info/
BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and investment fund manager and 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.
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