BMO Asset Management is adding new exchange traded fund (ETF) listings on the Aequitas NEO Exchange.
The new listings will provide clients with access to the full spectrum of the US Treasury bond market, segmented by term.
"We're pleased to announce our first listings on the NEO exchange. We're very supportive of adding depth to the trading and listing infrastructure here in Canada. The NEO exchange is an innovative venue and has become a player in the Canadian market," says Kevin Gopaul, head, BMO Global Asset Management Canada, global head of ETFs and chief investment officer, BMO Asset Management. "The new US Treasury ETFs will help Canadian investors benefit during volatile markets with the added bonus of precise term positioning."
The offering of the new ETFs has closed, and they will begin trading on the NEO Exchange on 28 February 2017.
BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL/ZTL.U) is designed to invest in securities of the Bloomberg Barclays US Treasury Long Treasury Bond Index, providing investors with exposure to US Treasury indexes with greater than 10 years to maturity – providing a safety trade.
BMO Mid-Term US Treasury Bond Index ETF (Ticker: ZTM/ZTM.U) is designed to invest in securities of the Bloomberg Barclays US Treasury 5 – 10 Year Bond Index, providing investors with exposure to US Treasury indexes with 5 to 10 years to maturity acting as a portfolio diversification tool.
BMO Short-Term US Treasury Bond Index ETF (Ticker: ZTS/ZTS.U) is designed to invest in securities of the Bloomberg Barclays US Treasury 1 – 5 Year Bond Index, providing investors with exposure to US Treasury indexes with 1 to 5 years to maturity acting as short-term cash management tool.
