TORONTO, April 1 /CNW/ - BMO Financial Group today announced that changes to three of its BMO Exchange-Traded Funds (BMO ETFs*) announced on March 24, 2010 will be effective after the close of trading on the Toronto Stock Exchange on April 30, 2010.
As announced on March 24, 2010, the BMO China Equity Hedged to CAD ETF (ZCH) and the BMO India Equity Hedged to CAD ETF (ZID) will be licensing indices from BNY Mellon. BMO Financial Group wishes to clarify that these indices are the Canadian dollar hedged versions and not the unhedged versions. Accordingly, ZCH will be benchmarked to the BNY Mellon China Select ADR Index CAD Hedged while ZID will be benchmarked to the BNY Mellon India Select DR Index CAD Hedged. The BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY) will be licensing an index from Barclays Capital Inc. and will be benchmarked to the U.S. High Yield Very Liquid Index CAD Hedged.
Further information about BMO ETFs can be found at www.bmo.com/etfs.
* All of the BMO ETFs including ZCH, ZID and 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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