TORONTO, March 24 /CNW/ - BMO Financial Group announced today that the BMO China Equity Hedged to CAD ETF (ZCH), the BMO India Equity Hedged to CAD ETF (ZID), and the BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY) will be benchmarked to the underlying indices listed below.
ZCH and ZID will be licensing indices from The Bank of New York Mellon, the market-recognized industry leader in Depositary Receipt (DR) index products. ZCH will be benchmarked to the BNY Mellon China Select ADR Index CAD. ZID will be benchmarked to the BNY Mellon India Select DR Index CAD. BNY Mellon DR indices contain all exchange-listed DRs, including those issued by many of the world's premier companies. This distinct group of companies provides excellent transparency, disclosure and liquidity.
ZHY will be licensing an index from Barclays Capital Inc., a market-recognized industry leader in fixed income index products. ZHY will be benchmarked to the US High Yield Very Liquid Index CAD Hedged. This index is an investable, market-recognized benchmark.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
*All of the BMO ETFs including ZCH, ZID, ZHY are managed and administered by Jones Heward Investment Counsel Inc., a wholly-owned, indirect subsidiary of Bank of Montreal.
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 $399 billion as at January 31, 2010, and more than 36,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
SOURCE BMO BANK OF MONTREAL
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