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BMO Asset Management to launch three ETFs on NEO

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BMO Asset Management plans to list three new exchange traded funds (ETFs) on the Aequitas NEO Exchange.

Subject to receiving final NEO Exchange approval, the ETFs are expected to be listed in mid-February 2017.
 
The ETFs are: the BMO Long-Term US Treasury Bond Index ETF (ZTL); the BMO Mid-Term US Treasury Bond Index ETF (ZTM); and the BMO Short-Term US Treasury Bond Index ETF (ZTS).
 
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 US Treasury bond market segmented by term.
 
“We are excited to offer our US Treasury ETFs on the NEO Exchange, providing clients with access to asset classes that are currently underserviced in the Canadian marketplace,” says 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,” says 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.”

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