Cboe Canada Inc. has announced that BMO Asset Management (AQL: ZAPR) has launched a new Structured Outcome ETF; the ETF is trading on Cboe Canada under the symbol: ZAPR. According to the announcement, the fund is designed “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 U.S. equity market 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 first business day of April of each year to on or about the last business day of March of the following year, referred to as the Target Outcome Period.” Cboe Canada now has a total of eight BMO ETFs trading on the exchange. Investors interested in the new ETF can trade through their usual investment channels. “We are honored that BMO has chosen Cboe Canada as its listing partner once again for this launch,” said Cboe Global Markets global head of corporate listings Erik Sloane in the press release. “We look forward to continuing this support and furthering our relationship with BMO in the years ahead.”
To view the full press release, visit https://ibn.fm/8FI9d
About Cboe Canada Inc.
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-plus Canadian ETFs, free of charge. For more information, please visit www.Cboe.ca.
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