BMO Financial group announced on March 24th, 2010 that the BMO Chine Equity Hedged to CAD ETF (ZCH), the BMO India Equity Hedged to CARD ETF (ZID), and the BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY) will not be benchmarked to underlying indices listed below.
BMO Chine Equity Hedged (ZCH), and BMO India Equity Hedged (ZID) will be licensing indices from the Bank of New York Melon, the market recognized industry leader in Depositary Receipt (DR) index products. ZCH will be benchmarked to the BNY Mellon China Select ADR index CAD. ZID will be benchmarked to the BNY Mellon India Select DR Index AD.
BNY Mellon DR indices contain all exchange listed DRs, this also includes those that have been issued by many of the world’s premier companies.
The group of companies provides excellent transparency, disclosure and liquidity.
BMO High Yield US Corporate Bond Hedged (ZHY) will be licensing an index from Barclays Capital Inc., which is a market recognized leader in fixed income index products. ZHY will be benchmarked to the US High Yield Very Liquid Index CAD Hedged.
All of the BMO ETFs are managed and administered by Jones Heward Investment Counsel Inc., which is a wholly owned indirect subsidiary of BMO.