BMO Launches New Structured Outcome ETF, Now Trading on Cboe Canada

Toronto | January 26, 2024 – Cboe Canada is pleased to welcome return issuer, BMO Asset Management Inc. for the launch of a new Structured Outcome ETF. Now trading on Cboe Canada under the symbol ZJAN, the new fund seeks to  provide unitholders with income and appreciation (before fees, expenses and taxes) that matches to the extent possible the return of an index designed to measure the large-cap segment of the US equity market  (the “Reference Index”) up to a cap (before fees, expenses and taxes), while providing a buffer against the first 15% (before fees, expenses and taxes) of a decrease in the market price of the Reference Index, over a period of approximately one year from the third Friday of January of each year to on or about the third Friday of January of the following year, referred to as the Target Outcome Period.  

“We are honoured that BMO has chosen Cboe Canada as the listing exchange once again for this launch,” remarked Erik Sloane, Chief Revenue Officer of Cboe Canada. “We look forward to continuing this support and furthering our relationship with BMO in the years ahead.” 

ZJAN joins 6 other BMO ETFs that trade on Cboe Canada. Investors can trade units of ZJAN through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe-listed securities.   

Cboe Canada is home to over 250 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. 

About Cboe Canada 

Cboe Canada is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data. 

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. 

Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.   

Connect with Cboe Canada: Website | LinkedIn | Twitter | Instagram | Facebook  

About BMO ETFs’ Structured Outcome ETFs 

BMO US Equity Buffer Hedged to CAD ETF – January is the newest addition to BMO ETFs’ Structured Outcome ETFs. Collectively, BMO Canadian Banks Accelerator ETF, BMO US Equity Accelerator Hedged to CAD ETF, BMO US Equity Buffer Hedged to CAD ETF – January, and BMO US Equity Buffer Hedged to CAD ETF – October are referred to as the “Structured Outcome ETFs”. The Structured Outcome ETFs aim to provide investors with a return over a specified target outcome period (each, a “Target Outcome Period”).  

An investor that purchases units of a Structured Outcome ETF other than on the first day of a Target Outcome Period and/or redeems or sells units of a Structured Outcome ETF prior to the end of a Target Outcome Period may experience results that are very different from the target outcomes sought by such Structured Outcome ETF for that Target Outcome Period. To achieve the intended target outcomes sought by a Structured Outcome ETF for a Target Outcome Period, an investor must hold units of the Structured Outcome ETF for that entire Target Outcome Period. 

Please refer to the Structured Outcome ETFs’ website (https://www.bmogam.com/ca-en/products/structured-outcomes/) for important information about the Structured Outcome ETFs’ Target Outcome Period start and end dates and the applicable cap and buffer. 

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. 

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus.  BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination. 

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. 

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. 

®/™Registered trademarks/trademark of Bank of Montreal, used under licence. 

About BMO Exchange Traded Funds (ETFs)

BMO Exchange Traded Funds has been an ETF provider in Canada for more than 12 years, with over 100 strategies, over 23 per cent market share in Canada1, and $97.5 billion in assets under management. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of active mutual funds. 

1Morningstar, December 2023 

Connect with BMO: Website | LinkedIn | Twitter | Instagram | Facebook    

Cboe Canada Media Contact: 
[email protected]