Thoughts on this announcement from BMO?
TORONTO, February 12, 2009 – BMO Asset Management today announced that a preliminary prospectus has been filed with the securities regulatory authorities in Canada with respect to seven new BMO exchange traded funds (ETFs), including the BMO Global Infrastructure ETF.
The BMO ETFs are as follows:
BMO Canadian Government Bond ETF
BMO Canadian Equity ETF
BMO US Equity ETF
BMO International Equity ETF
BMO Emerging Markets Equity ETF
BMO Global Infrastructure ETF
BMO Dow Jones Industrial Average ETF
Jones Heward Investment Counsel Inc. (Jones Heward), an operating company within BMO Asset Management, will be the manager of the BMO ETFs.
The BMO Canadian Government Bond ETF has been designed to replicate, to the extent possible, the performance of the Citigroup Canadian Government Bond Index.
The BMO Canadian Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Canada Index.
The BMO US Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones U.S. Market Index.
The BMO International Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones World Developed ex-U.S. Index.
The BMO Emerging Markets Equity ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones World Emerging Markets Index.
The BMO Global Infrastructure ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Brookfield Global Infrastructure Index.
The BMO Dow Jones Industrial Average ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones Industrial Average.
A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your financial advisor or from Jones Heward at
www.bmo.com/etfs. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.