Index changes ahead for BMO ETFs

Index changes ahead for BMO ETFs

Index changes ahead for BMO ETFs BMO Asset Management has announced upcoming changes to the names and underlying indices of five of its ETFs.

On or around Sept. 15, five of BMO Asset Management’s equal-weight ETFs will begin to track new indices following the table below:
 
 
Current Index
New Index
ZEB
S&P/TSX Equal Weight Diversified Banks Index
Solactive Equal Weight Canada Banks Index
ZMT
S&P/TSX Equal Weight Global Base Metals CAD Hedged Index
Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged
ZGD
S&P/TSX Equal Weight Global Gold Index
Solactive Equal Weight Global Gold Index
ZIN
S&P/TSX Equal Weight Industrials Index
Solactive Equal Weight Canada Industrials Index
ZEO
S&P/TSX Equal Weight Oil & Gas Index
Solactive Equal Weight Canada Oil & Gas Index

Pursuant to the index changes, the ETFs’ names will also be changed:
 
 
New Name
ZEB
BMO Equal Weight Banks Index ETF
ZMT
BMO Equal Weight Global Base Metals Hedged to CAD Index ETF
ZGD
BMO Equal Weight Global Gold Index ETF
ZIN
BMO Equal Weight Industrials Index ETF
ZEO
BMO Equal Weight Oil & Gas Index ETF

The new indices align with the ETFs’ current investment objectives and strategies. The funds’ specific asset-class exposures will remain the same, and the frequency of rebalancing within the funds will also not change.

Solactive AG will be the new index provider for the equal-weight ETFs. A recognized player in the indexing space, Solactive AG is also the provider for eight other BMO ETFs.


For more of Wealth Professional's latest industry news, click here.


Related stories:
Evolve Funds to launch new innovative funds
First Asset launches new US equity ETF