BMO Financial Group announces the launch of BMO Exchange Traded Funds (ETFs)



    TORONTO, June 4 /CNW/ - Today marked the first day of trading for BMO
Exchange Traded Funds, making BMO Financial Group, through Jones Heward
Investment Counsel Inc., the only major Canadian financial group to offer a
family of ETFs.
    "BMO is a leader in helping clients make sense of financial matters. We
are pleased to provide a home-grown Canadian investment option that can help
investors achieve their financial goals," said Gilles Ouellette, President and
CEO, Private Client Group, BMO Financial Group. "This is the first phase of
our ETF offering, with additional products to come. Based on the popularity of
ETFs world-wide, we anticipate this will contribute to the growth of BMO's
wealth management business."

    
    BMO ETFs (www.bmo.com/etfs)

    -   BMO Canadian Government Bond Index ETF (BGB) has been designed to
        replicate, to the extent possible, the performance of the Citigroup
        Canadian Government Bond Index.
    -   BMO Dow Jones Canada Titans 60 Index ETF (BCA) has been designed to
        replicate, to the extent possible, the performance of the Dow Jones
        Canada Titans 60 Index.
    -   BMO US Equity Index ETF (BUE) has been designed to replicate, to the
        extent possible, the performance of the Dow Jones U.S. Large-Cap
        Index (CAD hedged).
    -   BMO Dow Jones DiamondsSM Index ETF (BDJ) has been designed to
        replicate, to the extent possible, the performance of the Dow Jones
        Industrial Average (CAD hedged).
    

    The BMO US Equity Index ETF and BMO Dow Jones DiamondsSM Index ETF will
hedge their exposure to U.S. dollars. The ETFs are offered through Jones
Heward Investment Counsel Inc. (Jones Heward), an operating company within BMO
Asset Management, and the trustee and manager of BMO ETFs.
    ETFs are similar to index mutual funds, except they are listed and traded
on a stock exchange like regular stocks. Each fund consists of a basket of
stocks that tracks the performance of a specific market index, such as the Dow
Jones Industrial Average.

    About BMO Asset Management

    BMO Asset Management is the umbrella structure for BMO Financial Group's
institutional investment management companies, including Jones Heward
Investment Counsel Inc., Harris Investment Management, Inc., HIM Monegy, Inc.
and Pyrford International Limited. As a group, BMO Asset Management has $46
billion in assets under management (April 30, 2009).

    About Jones Heward

    Jones Heward Investment Counsel Inc. is a Canadian investment manager and
has over $29 billion in total assets under management as at April 30, 2009.
Its clients include pensions, endowments, trusts, insurance company reserves,
corporations and mutual funds. Jones Heward is an indirect, wholly-owned,
subsidiary of Bank of Montreal.
    Commissions, management fees and expenses may be associated with mutual
fund investments. Please read the prospectus before investing. Mutual funds
are not guaranteed, their values change frequently and past performance may
not be repeated.





For further information:

For further information: For all news media enquiries please contact:
Orli Namian, Toronto, orli.namian@bmo.com, (416) 867-3996; Lucie Gosselin,
Montreal, lucie.gosselin@bmo.com, (514) 877-8224; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596


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