TORONTO--(EON: Enhanced Online News)--Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce that BMO Asset Management Inc. (“BMO AM”) plans to list exchange traded funds (ETFs) on NEO. Subject to receiving final NEO Exchange approval, the following BMO ETFs (the “US Treasury ETFs”) are expected to be listed in mid-February 2017:
“BMO is a true leader when it comes to embracing innovation and we are happy to welcome them as a listing partner on the NEO Exchange.”
|BMO Long-Term US Treasury Bond Index ETF||ZTL||ZTL.U|
|BMO Mid-Term US Treasury Bond Index ETF||ZTM||ZTM.U|
|BMO Short-Term US Treasury Bond Index ETF||ZTS||ZTS.U|
The BMO US Treasury ETFs are the first ETFs to be listed on NEO by BMO AM and will provide access to a full spectrum of the U.S. Treasury bond market segmented by term.
“We are excited to offer our U.S. Treasury ETFs on the NEO Exchange, providing clients with access to asset classes that are currently underserviced in the Canadian marketplace,” said Kevin Gopaul, Head, BMO Global Asset Management Canada, “We’ve watched NEO implement competitive and cost-efficient solutions to improve the Canadian ETF landscape and look forward to experiencing their investor-friendly service and support first-hand.”
“We are thrilled BMO Asset Management Inc. has decided to list their US Treasury ETFs with us. Our two firms are aligned in our efforts to always find cost efficiencies we can pass through to our clients,” stated Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “BMO is a true leader when it comes to embracing innovation and we are happy to welcome them as a listing partner on the NEO Exchange.”
The new BMO US Treasury ETFs will join a number of ETFs from a number of ETF manufacturers set to commence trading in 2017 on NEO. For a complete view of listings commitments, please visit: https://aequitasneoexchange.com/en/listings/neo-listings-directory-info/
BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and investment fund manager and separate legal entity from Bank of Montreal.
Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
About NEO Exchange
Aequitas NEO Exchange Inc. is a new Canadian stock exchange using a bold new blueprint that puts investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue and a value added listing venue for capital raising companies and investment products. The NEO Exchange is a wholly owned subsidiary of Aequitas Innovations Inc., a company founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit: www.aequitasNEOexchange.com.
About BMO Exchange Traded Funds (ETFs)
Established in May 2009, BMO Financial Group’s ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.
About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.