BMO ETFs: Views from the Desk

While the unusual market shake-ups this week may be triggering a frenzy, they are at best short-lived. In fact, beyond the near-term horizon, there are valuable opportunities to earn and protect client portfolios. In this episode, Alfred Lee, Chris McHaney and Mark Raes provide a round-up of new, hard-to-ignore ETF strategies that leverage renewables, US Treasury Inflation-Protected Securities (TIPS), and technology-focused covered calls.

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 January 27, 2021.

ETFs mentioned in the podcast:

BMO Clean Energy Index ETF (Ticker: ZCLN)

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

BMO Covered Call Technology ETF (Ticker: ZWT)

BMO Equal Weight Banks Index ETF (Ticker: ZEB)

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

 

Resources mentioned in the podcast:

S&P Global Clean Energy Index

 

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® [CA1] [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).

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.

Investors are showing renewed interest in lowering risk, as vaccine delays and economic headwinds stand in the way of a full rebound. In this podcast, Alfred Lee, Chris McHaney and Mark Raes offer Advisors a broad range of strategies to anchor client portfolios, including premium yield and corporate bonds. They also share their outlook on REITs and healthcare, as well as introduce BMO’s new suite of disruptive technology ETFs, due to be launched this month. 

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 January 20, 2021.

ETFs mentioned in the podcast:

BMO Premium Yield ETF (Ticker: ZPAY)

BMO BBB Corporate Bond Index ETF (Ticker: ZBBB)

BMO Emerging Markets Bond Hedged to CAD Index ETF (Ticker: ZEF)

BMO Equal Weight REITs Index ETF (Ticker: ZRE)

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

Resources mentioned in the podcast:

Deep Dive podcast: Why ZPAY Earns More Through a Crisis

 

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.

For globally diversified investors, currency is an important factor in optimizing returns and improving diversification. In this episode, Chris Heakes and Danielle Neziol debate hedged versus un-hedged ETFs, and why it makes sense to build some exposure to USD within your client portfolios. 

Danielle Neziol is a Product Specialist at BMO Global Asset Management. She is joined on the podcast by Chris Heakes, an ETF Specialist and Portfolio Manager specializing in equities and derivatives strategies.

ETFs mentioned in the podcast:

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

BMO MSCI EAFE Hedged to CAD Index ETF (Ticker: ZDM)

BMO MSCI Europe High Quality Hedged to CAD Index ETF (Ticker: ZEQ)

Resources mentioned in the podcast:

Currency Hedging in These Markets: To Hedge or Not to Hedge?

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 political turmoil and the pandemic rock North America, equity markets continue to remain unfazed. Even so, the path to recovery is not likely to be straight. So, how can Advisors prepare for the unknowns? In this episode, Chris Heakes, Matt Montemurro, and Mark Raes, provide solutions such as US banks and small-caps, which offer strong complements to the still dominant technology theme. Within fixed income, our experts talk about portfolio insulation, using long-term bond and preferred share ETFs.

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, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on January 13, 2021.

ETFs mentioned in the podcast:

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

BMO Premium Yield ETF (Ticker: ZPAY)

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

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

BMO Aggregate Bond Index ETF (Ticker: ZAG)

BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL)

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

 

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).

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.

Although mega-cap companies like Amazon and Alphabet dominated returns in 2020, positive news related to vaccines opened the door for a rotation to small and mid-cap stocks. In this episode, Chris Heakes and Danielle Neziol zero in on the S&P MidCap 400® and S&P SmallCap 600®, two lesser known benchmarks within the U.S. equity universe. They look at the diversification benefits available through those areas, as well as the heightened upside potential from accepting marginally more risk. 

Danielle Neziol is a Product Specialist at BMO Global Asset Management. She is joined on the podcast by Chris Heakes, an ETF Specialist and Portfolio Manager specializing in equities and derivatives strategies.

ETFs mentioned in the podcast:

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

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

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

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.

In our final Views from the Desk episode for 2020, our experts take a no holds barred look at what to expect in the new year. Listen to Chris Heakes, Chris McHaney and host, Mark Raes, give their predictions on equities, fixed income, and the likely winners in a reopening trade. They also explain why Advisors should watch exchange rates, and protect their client portfolios from a strengthening loonie. As for their favourite ETFs for 2021, the experts go global to access the best companies across the world.   

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, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on December 16, 2020.

ETFs mentioned in the podcast:

BMO MSCI All Country World High Quality Index ETF (Ticker: ZGQ)

BMO High Quality Corporate Bond Index ETF (Ticker: ZQB)

BMO Short Corporate Bond Index ETF (Ticker: ZCS)

BMO Mid Corporate Bond Index ETF (Ticker: ZCM)

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

BMO MSCI Emerging Markets Index ETF (Ticker: ZEM)

BMO Equal Weight REITs Index ETF (Ticker: ZRE)

 

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.

Canadian banks collectively set aside $24 billion for credit losses this past year, a stunning figure designed to address the economic fallout from COVID-19. What will it mean for investors? In this episode, Sohrab Movahedi and Chris Heakes go deep on fourth quarter earnings and discuss the implications of low interest rates, impaired loans and government stimulus on the sector outlook for 2021. Our experts also offer key ETFs with exposure to North American banks, guided in their discussion by host Daniel Stanley. 

Read the trade idea summary.   

Daniel Stanley is an ETF Specialist at BMO Global Asset Management. He is joined on the podcast by Chris Heakes, Portfolio Manager, BMO Global Asset Management, and Sohrab Movahedi, Managing Director, Financials Research, BMO Capital Markets.

ETFs mentioned in the podcast:

BMO Equal Weight Banks Index ETF (Ticker: ZEB)

BMO Covered Call Canadian Banks ETF (Ticker: ZWB)

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

Disclosures:

To view BMO Capital Markets Equity Research Disclosures, please visit https://researchglobal0.bmocapitalmarkets.com/public-disclosure/.

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.

The past week has seen more positive vaccine news, but also a stalemate in US stimulus talks – tempering markets with both confidence and caution. In this episode, Alfred Lee, Chris McHaney and Kevin Prins examine the forces at play and offer a range of income and growth solutions while they wait for the fog to clear. They also discuss the new index changes to select BMO ETFs, which guarantee largely the same exposure at an optimized cost. 

Read the episode summary.

Kevin Prins is the Managing Director, Head of ETF & Managed Distribution 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 December 09, 2020.

ETFs mentioned in the podcast:

BMO Equal Weight REITs Index ETF (Ticker: ZRE)

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

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

BMO MSCI All Country World High Quality Index ETF (Ticker: ZGQ)

BMO US Preferred Share Index (Ticker: ZUP)

BMO Emerging Markets Bond Hedged to CAD Index ETF (Ticker: ZEF)

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.

As equity markets sway according to daily news and macroeconomic trends, investors have a choice to manage the volatility – or gain from it. In today’s podcast, Alfred Lee, Chris Heakes and Mark Raes zone in on VIX-proofing the portfolio with innovative strategies that generate income, such as covered calls. And looking at the long-term, our experts also make the case for gold and preferred shares as useful hedges against inflation.

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 Heakes, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on December 02, 2020.

ETFs mentioned in the podcast:

BMO ESG US Corporate Bond Hedged to CAD Index ETF (Ticker: ESGF)

BMO Canadian High Dividend Covered Call ETF (Ticker: ZWC)

BMO US High Dividend Covered Call ETF (Ticker: ZWH)

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

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

BMO Junior Gold Index ETF (Ticker: ZJG)

BMO Laddered Preferred Share Index ETF (Ticker: ZPR)

 Also listen to our Deep Dive episodes:

Tax-Loss Harvesting for 2020 Year-End

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.

After a streak of good news – including three potential vaccines, the Biden transition and several well-received cabinet appointments – is it finally time for investors to stop playing defense? In today’s podcast, Mark Raes, Alfred Lee and Chris Heakes discuss tactical positions that are hard to ignore in the current rally. In particular, our experts provide insights on Small-cap and Value ETFs that are showing real promise amid a slow economic recovery, as well preferred shares which offer protection as the market soars.

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 Heakes, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on November 25, 2020.

Resources mentioned in the podcast:

·BMO ETF Roadmap

ETFs mentioned in the podcast:

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

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

BMO US Dividend ETF (Ticker: ZDY)

BMO US High Dividend Covered Call ETF (Ticker: ZWH)

BMO Laddered Preferred Share Index ETF (Ticker: ZPR)

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

 

Also listen to our Deep Dive episodes:

ZEM – Why Emerging Markets Attract the “Smart Money” in ETF Flows

ZWG for Enhanced Yield in Volatile Markets

Tax-Loss Harvesting for 2020 Year-End

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.