BMO Asset Management Inc. Monday announced that it is reducing the maximum annual management fee on certain of its exchange traded funds (ETFs).

Effective April 30, the annual management fee for seven ETFs will be reduced, as follows:

ETF

Ticker

Current max. annual mgmt. fee %

New max. annual mgmt. fee %

BMO S&P/TSX Capped Composite Index ETF

ZCN

0.150

0.050

BMO S&P 500 Hedged to CAD Index ETF

ZUE

0.150

0.100

BMO MSCI EAFE Hedged to CAD Index ETF

ZDM

0.350

0.200

BMO MSCI Emerging Markets Index ETF

ZEM

0.450

0.250

BMO Short Corporate Bond Index ETF

ZCS

0.300

0.120

BMO S&P 500 Index ETF

ZSP/ZSP.U

0.150

0.100

BMO MSCI EAFE Index ETF

ZEA

0.300

0.200

“These reductions demonstrate our market leadership in delivering effective, cost-efficient solutions for our clients and follow our fee cuts in September 2012 and April 2013,” says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management Inc.