03:54:21 EDT Sun 01 Aug 2021
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Bank of Montreal
Symbol BMO
Shares Issued 647,242,067
Close 2021-06-10 C$ 126.95
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BMO rolls out BMO U.S. All Cap Equity Fund

2021-06-10 12:24 ET - News Release

Mr. Mark Raes reports


Bank of Montreal's BMO Investments Inc. has launched the BMO U.S. All Cap Equity Fund exchange-traded fund (ETF) series (ZACE), which is actively managed by Brian Belski, chief investment strategist of BMO Capital Markets.

This fund's objective is to provide long-term capital growth by investing primarily in equity securities of United States companies of any size of market capitalization.

To support this objective, it uses a model encapsulating Mr. Belski's latest U.S. strategy research regarding the S&P 1500, sectors, industries and style preferences. The portfolio tactically incorporates various investment styles based on the market cycle and Mr. Belski's broad strategy opinions.

"We're pleased to be expanding our BMO U.S. All Cap Equity Fund to ETF investors," said Mark Raes, head of product for BMO Global Asset Management Canada. "By leveraging Brian's renowned market expertise, we're able to offer investors a fund that captures best idea investments across the market capitalization spectrum using his latest U.S. strategy views."

"It's an honour to have the opportunity to incorporate my team's market research into our first ETF series," said Mr. Belski, chief investment strategist for BMO Capital Markets. "As the second half of our 20-year secular bull market thesis for U.S. stocks begins, we believe bottom-up stock picking and active portfolio management will become an increasingly larger part of the overall equity portfolio management process and discipline."

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider -- the eighth-largest bank, by assets, in North America. With total assets of $950-billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and commercial banking, BMO Wealth Management, and BMO Capital Markets.

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