BMO ETFs: Views from the Desk

Looking beyond the vaccine hype, the healthcare industry remains a bright spot of the current market, offering growth-oriented investors access to companies on the frontier of medicine. In this episode, Alfred Lee and Danielle Neziol examine opportunities around genomic innovations and other long-term drivers, taking a closer look at multiple ways to benefit from these new and exciting trends, from a sector-based approach with ZHU, ZUH and ZGEN – our new genomic-specific ETF.

Danielle Neziol is a Product Specialist at BMO Global Asset Management. She is joined on the podcast by Alfred Lee, ETF Specialist and Portfolio Manager, BMO Global Asset Management.

ETFs mentioned in the podcast:

BMO Equal Weight US Health Care Index ETF (Ticker: ZHU)

BMO Equal Weight US Health Care Hedged to CAD Index ETF (Ticker: ZUH)

BMO MSCI Genomic Innovation Index ETF (Ticker: ZGEN)

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

S&P®, S&P/TSX Capped Composite®, S&P 500® [are or is] registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “TSX” is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with the above mentioned BMO ETFs. These BMO ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such BMO ETF(s).

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

As volatility continues to grip equity markets, investors may find it challenging to look beyond the short-term uncertainty to the calm on the other side. Even so, our experts, Chris Heakes and Chris McHaney, believe the best course of action is to trust in the fundamentals of sound investing. They recommend longer-term bets such as clean energy, as well as small caps and preferred shares for tactical moves to stronger ground.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Chris McHaney, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on May 19, 2021.

ETFs mentioned in the podcast:

BMO S&P 500 Index ETF (Ticker: ZSP)

BMO Clean Energy Index ETF (Ticker: ZCLN)

BMO Laddered Preferred Share Index ETF (Ticker: ZPR)

BMO S&P US Small Cap Index ETF (Ticker: ZSML)

 

Additional resourses:

·      Deep Dive episode: Why ZCLN Can Power Long-term Growth

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

S&P®, S&P/TSX Capped Composite®, S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “TSX” is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with the above mentioned BMO ETFs. These BMO ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such BMO ETF(s).

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

Fears of rising inflation are throwing equity markets off balance as investors play out the full extent of a reopening trade. With prices ticking up faster than expected, Mark Raes, Chris McHaney and Alfred Lee deliver context for the rotation into Value and Industrials, and offer key trade ideas to efficiently gain exposure. Our experts also dive into the yield spread between 10 and 30-year Treasuries, delivering a thoughtful strategy for the bond side of the portfolio.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Alfred Lee and Chris McHaney, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on May 12, 2021.

ETFs mentioned in the podcast:

BMO MSCI USA Value Index ETF (Ticker: ZVU)

BMO Aggregate Bond Index ETF (Ticker: ZAG)

BMO Equal Weight Industrials Index ETF (Ticker: ZIN)

BMO Premium Yield ETF (Ticker: ZPAY)

 

Resources mentioned in the podcast:

Deep Dive: Hedging Against Inflation with ZTIP, ZGD & ZEO

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

The statements from the Fed this week have perhaps put inflation risk at the top of investor concerns. However, our experts, Chris Heakes and Matt Montemurro, point out that Advisors still have time to build protections in their client portfolios through a range of prudent strategies, including U.S. TIPS, base metals and other cyclical sector allocations, accessible through Canadian equity solutions.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Matt Montemurro, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on May 5, 2021.

ETFs mentioned in the podcast:

BMO MSCI Innovation Index ETF (Ticker: ZINN)

BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (Ticker: ZMT)

BMO S&P/TSX Capped Composite Index ETF (Ticker: ZCN)

 

Additional resourses:

Deep Dive episode: Hedging Against Inflation with ZTIP, ZGD & ZEO

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

As markets prepare for an economic reopening, our experts, Chris McHaney and Alfred Lee, put the spotlight on near- to long-term growth opportunities. In this episode, they discuss sectors that are best positioned to lead equity trades through 2021. They also lay out fixed income solutions to respond to further steepening in the yield curve. 

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris McHaney and Alfred Lee, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on April 28, 2021.

ETFs mentioned in the podcast:

BMO S&P US Mid Cap Index ETF (Ticker: ZMID)

BMO BBB Corporate Bond Index ETF (Ticker: ZBBB)

BMO MSCI Innovation Index ETF (Ticker: ZINN)

BMO Equal Weight US Health Care Hedged to CAD Index ETF (Ticker: ZUH)

 

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

Putting the focus on income, Chris Heakes and Matt Montemurro discuss the impact of interest rate volatility on high yield exposures, and how investment grade bonds and mortgage-backed securities could offer the twin benefits of better credit quality and greater downside protection. They also hone in on banks, dividend and covered call strategies.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Matt Montemurro, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on April 21, 2021.

ETFs mentioned in the podcast:

BMO Equal Weight Banks Index ETF (Ticker: ZEB)

BMO BBB Corporate Bond Index ETF (Ticker: ZBBB)

BMO Canadian MBS Index ETF (Ticker: ZMBS)

BMO Canadian Dividend ETF (Ticker: ZDV)

BMO Global High Dividend Covered Call ETF (Ticker: ZWG)

Additional resources:

Trade Idea: Protecting a Bond Portfolio Against Rising Rates

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

With the Federal Reserve remaining unchanged on its stance on inflation in the wake of an economic recovery, what are the most pressing concerns for investors and how should they prepare? Alfred Lee and Danielle Neziol discuss the implications of the supply-demand imbalance, and reliable indicators to watch for. They also look at ETF strategies to hedge against inflation across both fixed income and equity portfolios, from US TIPs and real return bonds to base metals and oil.

Danielle Neziol is a Product Specialist at BMO Global Asset Management. She is joined on the podcast by Alfred Lee, an ETF Specialist and Portfolio Manager specializing in fixed income and preferred share strategies.

ETFs mentioned in the podcast

Fixed Income:

BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)

BMO Short-Term US TIPS Index ETF Hedged Units (Ticker: ZTIP.F)

BMO Short-Term US TIPS Index ETF USD Units (Ticker: ZTIP.U)

BMO Real Return Bond Index ETF (Ticker: ZRR)

 

Equities:

BMO Equal Weight Global Gold Index ETF (Ticker:ZGD)

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (Ticker:ZMT)

BMO Equal Weight Oil & Gas Index ETF (Ticker: ZEO)

 

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

As the earnings season kicks off this week, our experts, Chris McHaney and Alfred Lee examine the trendlines impacting client portfolios – from high valuations and the possibility of further upside in equity markets, to the moves in 5-year bonds and the opportunities to enhance fixed income allocations. They also highlight the strong buying opportunity in emerging markets and provide an outlook on investment grade bonds.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris McHaney and Alfred Lee, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on April 14, 2021.

ETFs mentioned in the podcast:

BMO Laddered Preferred Share Index ETF (Ticker: ZPR)

BMO MSCI Emerging Markets Index ETF (Ticker: ZEM)

BMO BBB Corporate Bond Index ETF (Ticker: ZBBB)

 

Additional resources:

Trade Idea: Protecting a Bond Portfolio Against Rising Rates

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

With equity markets showing no signs of slowing down, Advisors may be considering various tactics to ride the highs. In this episode, Chris Heakes and Matt Montemurro explain the benefits of staying true to one’s asset allocation strategy, and banking on tried-and-tested factor pairings. They also offer fixed income solutions to counter negative bond yields in the near term. 

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Matt Montemurro, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on April 7, 2021.

ETFs mentioned in the podcast:

BMO MSCI USA High Quality Index ETF (Ticker: ZUQ)

BMO Low Volatility Canadian Equity ETF (Ticker: ZLB)

BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)

BMO Premium Yield ETF (Ticker: ZPAY)

BMO MSCI USA Value Index ETF (Ticker: ZVU)

 

Additional resources:

Trade Idea: Protecting a Bond Portfolio Against Rising Rates

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

The chaos on Wall Street following the Archegos Capital debacle sheds new light on the risks that non-regulated investment strategies hold. In this episode, Alfred Lee and Mark Raes outline the benefits of ETFs as a prudent choice for investing in alternatives. They also discuss special purpose acquisition company (SPAC) ETFs and whether they have what it takes to enhance client portfolios.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Alfred Lee, Portfolio Manager and ETF Specialist at BMO Global Asset Management. The episode was recorded live on March 31, 2021.

ETFs mentioned in the podcast:

BMO Equal Weight US Banks Index ETF (Ticker: ZBK)

BMO Laddered Preferred Share Index ETF (Ticker: ZPR)

BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)

BMO Premium Yield ETF (Ticker: ZPAY)

BMO Balanced ETF (Ticker: ZBAL)

Resources mentioned in the podcast:

Trade Idea: Protecting a Bond Portfolio Against Rising Rates

 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.