Latest news with #Facts
Cision Canada
27-05-2025
- Business
- Cision Canada
BMO Expands Suite of Physical Gold ETFs with New and Innovative Covered Call Spread Gold Bullion ETF Français
BMO gives investors another way to gain exposure to gold, with the added benefit of monthly cashflow TORONTO, May 27, 2025 /CNW/ - BMO Asset Management Inc. the manager of the BMO ETFs, today announced the launch of the new BMO Covered Call Spread Gold Bullion ETF (ZWGD). BMO Covered Call Spread Gold Bullion ETF seeks to provide long-term capital appreciation through exposure to the price of gold bullion, net of fees and expenses, by investing directly or indirectly in long-term holdings of unencumbered gold bullion, while mitigating some downside risk through the use of a covered call spread strategy. The new BMO ETF offers investors another way to invest in precious metals and complements BMO's innovative line-up of physical gold ETFs, which includes: BMO Gold Bullion ETF (ZGLD/ZGLD.U) BMO Gold Bullion Hedged to CAD ETF (ZGLH) "The new BMO Covered Call Spread Gold Bullion ETF is an example of the innovative products BMO GAM is bringing to investors, offering exposure to physical gold while at the same time providing a stream of cashflow," said Bipan Rai, Managing Director, Head of ETF & Structured Solutions Strategy, BMO Global Asset Management. "For investors seeking exposure to gold, this ETF is a new strategy for them to consider and may have a place within their portfolio." BMO Covered Call Spread Gold Bullion ETF has closed its initial offering of units and is listed and trading on the Toronto Stock Exchange. Advantages of Investing in Gold* Exposure to physical gold can be a good portfolio building block, as historically, precious metals tend to have a lower correlation to traditional asset classes like stocks and bonds and offers investors an effective way to diversify their portfolio. Gold has historically provided positive rates of return in rising/high inflation market conditions. Gold has long been classified as a safe haven asset during periods of economic uncertainty. * Past performance is not a guarantee of future performance. For more information, please visit Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or the simplified prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. This communication is for information purposes only. The information contained herein is not, and should not be construed as investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated, and professional advice should be obtained with respect to any circumstance. Distributions are not guaranteed and are subject to change and/or elimination. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the simplified prospectus. Exchange-traded funds 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. "BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
Yahoo
27-05-2025
- Business
- Yahoo
BMO Expands Suite of Physical Gold ETFs with New and Innovative Covered Call Spread Gold Bullion ETF
BMO gives investors another way to gain exposure to gold, with the added benefit of monthly cashflow TORONTO, May 27, 2025 /CNW/ - BMO Asset Management Inc. the manager of the BMO ETFs, today announced the launch of the new BMO Covered Call Spread Gold Bullion ETF (ZWGD). BMO Covered Call Spread Gold Bullion ETF seeks to provide long-term capital appreciation through exposure to the price of gold bullion, net of fees and expenses, by investing directly or indirectly in long-term holdings of unencumbered gold bullion, while mitigating some downside risk through the use of a covered call spread strategy. The new BMO ETF offers investors another way to invest in precious metals and complements BMO's innovative line-up of physical gold ETFs, which includes: BMO Gold Bullion ETF (ZGLD/ZGLD.U) BMO Gold Bullion Hedged to CAD ETF (ZGLH) "The new BMO Covered Call Spread Gold Bullion ETF is an example of the innovative products BMO GAM is bringing to investors, offering exposure to physical gold while at the same time providing a stream of cashflow," said Bipan Rai, Managing Director, Head of ETF & Structured Solutions Strategy, BMO Global Asset Management. "For investors seeking exposure to gold, this ETF is a new strategy for them to consider and may have a place within their portfolio." BMO Covered Call Spread Gold Bullion ETF has closed its initial offering of units and is listed and trading on the Toronto Stock Exchange. Advantages of Investing in Gold* Exposure to physical gold can be a good portfolio building block, as historically, precious metals tend to have a lower correlation to traditional asset classes like stocks and bonds and offers investors an effective way to diversify their portfolio. Gold has historically provided positive rates of return in rising/high inflation market conditions. Gold has long been classified as a safe haven asset during periods of economic uncertainty. * Past performance is not a guarantee of future performance. For more information, please visit Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or the simplified prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. This communication is for information purposes only. The information contained herein is not, and should not be construed as investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated, and professional advice should be obtained with respect to any circumstance. Distributions are not guaranteed and are subject to change and/or elimination. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the simplified prospectus. Exchange-traded funds 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. "BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. SOURCE BMO Financial Group View original content:
Cision Canada
21-05-2025
- Business
- Cision Canada
CIBC Asset Management launches two CLO-based mutual funds Français
TORONTO, May 21, 2025 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management (CAM) today announced the launch of the new CIBC Income Advantage Fund and CIBC U.S. Dollar Income Advantage Fund (the "CIBC Income Advantage Funds"). The CIBC Income Advantage Funds give clients the opportunity to invest in high quality Collateralized Loan Obligations (CLOs) — an income-generating asset class traditionally utilized by institutional investors. These Funds open the door for income-seeking investors to tap into a professionally managed CLO credit strategy through a familiar mutual fund structure — providing enhanced yield potential, meaningful diversification and a floating rate structure designed to navigate fluctuating interest rates. "The CIBC Income Advantage Funds reflect our commitment to innovation and access," notes Eric Belanger, President and Chief Executive Officer, CIBC Asset Management Inc. "These Funds bring the best of institutional investing to the clients our advisors serve every day and are designed for today's environment — when income is harder to find, interest rates are unpredictable, and portfolios need to do more." The CIBC Income Advantage Funds are actively managed by a seasoned investment team with deep experience in structured credit. An ETF Series is also available for the CIBC Income Advantage Fund (ticker: CCLO) that closed its initial offering of units and trades today on CBOE Canada. More details on the ETF Series and CAM's complete ETF line-up can be found on CIBC'S ETF website. The CIBC Income Advantage Funds, including the ETF Series for the CIBC Income Advantage Fund, are available for purchase today. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus, Fund Facts or the ETF Facts documents before investing. To obtain a copy, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over with over $227 billion in assets under administration as of March 2025.
Yahoo
21-05-2025
- Business
- Yahoo
CIBC Asset Management launches two CLO-based mutual funds
TORONTO, May 21, 2025 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management (CAM) today announced the launch of the new CIBC Income Advantage Fund and CIBC U.S. Dollar Income Advantage Fund (the "CIBC Income Advantage Funds"). The CIBC Income Advantage Funds give clients the opportunity to invest in high quality Collateralized Loan Obligations (CLOs) — an income-generating asset class traditionally utilized by institutional investors. These Funds open the door for income-seeking investors to tap into a professionally managed CLO credit strategy through a familiar mutual fund structure — providing enhanced yield potential, meaningful diversification and a floating rate structure designed to navigate fluctuating interest rates. "The CIBC Income Advantage Funds reflect our commitment to innovation and access," notes Eric Belanger, President and Chief Executive Officer, CIBC Asset Management Inc. "These Funds bring the best of institutional investing to the clients our advisors serve every day and are designed for today's environment — when income is harder to find, interest rates are unpredictable, and portfolios need to do more." The CIBC Income Advantage Funds are actively managed by a seasoned investment team with deep experience in structured credit. An ETF Series is also available for the CIBC Income Advantage Fund (ticker: CCLO) that closed its initial offering of units and trades today on CBOE Canada. More details on the ETF Series and CAM's complete ETF line-up can be found on CIBC'S ETF website. The CIBC Income Advantage Funds, including the ETF Series for the CIBC Income Advantage Fund, are available for purchase today. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus, Fund Facts or the ETF Facts documents before investing. To obtain a copy, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at About CIBC Asset Management CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over with over $227 billion in assets under administration as of March 2025. SOURCE CIBC View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Automotive
- Yahoo
New report reveals 'outrageous' issue with Tesla Model 3s: 'We have no reason to believe [newer models] will differ significantly'
A new report from the Federation of Danish Motorists revealed that nearly 1 in 4 2020 Tesla Model 3s failed safety inspections in Denmark last year, yet another troubling development for the company. According to the Bulgarian news outlet Facts, the Danish Road Traffic Authority requires new cars in Denmark to undergo mandatory periodic car inspections, called MOTs, four years after the car's registration date. That means in 2024, electric vehicles from the 2020 model year — including Model 3s — were due for their first MOT. Alarmingly, vehicle inspectors found that of the 4,668 Model 3s tested, 1,051 failed the annual MOT — a 23% failure rate. Carscoops reported that, in comparison, four-year-old rival EVs in Denmark only have a 9% average market defect rate. In total, inspectors discovered 1,392 problems with Model 3s — three times more than they found on other EVs. Common issues noted by the inspectors were with the brakes, lighting, suspension, and steering. According to Facts, the Federation of Danish Motorists called the defect rate of American EVs "outrageous," though it's unclear from the report whether they are actually applying that conclusion to any other American brands. While the data only applies to MY2020 Model 3s, FDM's Lone Otto told Carscoops that owners of newer models may face some of the same issues. "We have no reason to believe that younger generations of the Tesla Model 3 will differ significantly from the 2020 generation when it comes to defects and the failure rate," the manager of the technical advisory team said. "It will be more exciting to see how the Tesla Model Y fares." Seeing as Tesla has made headlines recently for numerous issues, including declining sales, protests at Tesla dealerships, and a voluntary recall of almost every Cybertruck sold in the United States to repair exterior trim panels that could come unglued as owners drive, the latest news is yet another blow to the company's image. The Model 3 was the world's second best-selling EV in 2024 after the Model Y, according to Autovista24, but with the car's quality seemingly going down, sales and brand loyalty will likely take a hit. Carscoops reported that in February, Tesla recalled 380,000 Model 3s and Model Ys in the U.S. after some drivers reported a total loss of steering assist. The company sent out an over-the-air update to address a software issue found in the vehicles. In China, Tesla's Full Self-Driving software has also faced major challenges, as drivers have received unexpected fines due to system errors. Do you trust Tesla to produce quality products? Absolutely I trust Tesla not Elon I'm not sure Not at all Click your choice to see results and speak your mind. The latest report out of Denmark could make customers hesitant to buy an EV, which would have negative impacts on the environment if fewer people want to drive non-polluting vehicles. According to Facts, FDM recalled that Tesla released an updated version of the Model 3 in 2023 to address some of the problems noted in the safety inspection. These updates may have included suspension tuning improvements, improved handling, and software updates allowing smoother steering. Tesla also released an update for its Model 3s and Model Ys in Europe that introduced adaptive headlights — a way of using the car's tech to light up the road ahead more fully while specifically pointing the light away from drivers coming from the other direction, which could be a major improvement for roads across the world. If you're considering making your next car an EV, check out this guide — you can still get the $7,500 federal tax credit for select models. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
