BMO to Transfer ETF Series Listing of Six Funds to Cboe Canada

BMO Investments Inc. has announced a significant transition regarding its mutual fund's ETF series, relocating six funds from the Toronto Stock Exchange (TSX) to Cboe Canada. This move involves the BMO Brookfield Global Real Estate Tech Fund (TOWR), BMO Brookfield Global Renewables Infrastructure Fund (GRNI), BMO Core Plus Bond Fund (ZCPB), BMO Global Strategic Bond Fund (ZGSB), BMO Sustainable Global Multi-Sector Bond Fund (ZMSB), and BMO Women in Leadership Fund (WOMN). The change is set to take place with a voluntary delisting on the TSX at the close of business on November 26, 2025, and the units will commence trading on Cboe Canada the following day, November 27.

BMO has already received conditional approval from Cboe Canada for the listing of these units. Notably, the transition does not require securityholder approval since the funds will continue trading in their new venue immediately after delisting.

This strategic move allows BMO to adapt to the evolving needs of their investors and the overall market landscape while maintaining a commitment to providing a range of investment options. The initiative is part of BMO Financial Group's ongoing efforts to innovate and enhance the services they offer to their clients, emphasizing sustainability and diversity in investment opportunities.

BMO Financial Group, recognized as the seventh largest bank in North America by assets, continues to leverage its extensive history and resources to foster a thriving economy and a sustainable future. For those considering investing in BMO's ETF series, it is essential to review associated risks and fees disclosed in relevant documents before making any investment decisions. More information about BMO Mutual Funds and ETFs is available on their respective websites.

BMO Investments Inc.'s decision to transfer the listing of six ETF series from the Toronto Stock Exchange (TSX) to Cboe Canada represents a strategic maneuver worth scrutinizing for investors. The transition, aimed to be effective on November 27, 2025, suggests BMO's efforts to enhance trading efficiency and liquidity for its investors.

From a market perspective, it's essential to consider the implications of this transfer. Cboe Canada is known for its advanced trading technology and diverse pool of market participants, which could potentially enhance liquidity for these ETFs. Improved liquidity often leads to tighter bid-ask spreads, which could reduce trading costs for investors, ultimately resulting in better execution prices.

Moreover, the specific funds being transitioned—like the BMO Brookfield Global Real Estate Tech Fund and the BMO Global Strategic Bond Fund—are likely to attract attention due to their focus on high-growth sectors. In an environment where inflation and rising interest rates are concerns, investing in global renewables and tech infrastructure represents both a defensive and growth-oriented posture.

Investors should also consider the fees associated with these ETFs. While BMO has emphasized that commissions, management fees, and expenses may impact investment returns, it remains crucial for potential investors to conduct thorough due diligence. Reading the ETF Facts documents and understanding the risks involved is paramount, particularly given that these funds, like all investments, are not guaranteed and can fluctuate in value.

The absence of a requirement for securityholder approval for this transition may be viewed positively, symbolizing streamlined operations and management efficiency. However, prospective investors must remain vigilant about the changing dynamics post-transfer. Overall, this transition could provide strategic advantages, but investors should weigh these benefits against their investment objectives and risk tolerance.