BMO, REX Launch 3× Long AIQU and -3× Short AIQD ETNs due May 2046

BMO and REX Shares launched two MicroSectors AI ETNs—3× Long (ticker AIQU) and -3× Short (ticker AIQD)—with maturity dates of May 30, 2046. The notes begin trading June 2 and aim to deliver triple long or short daily exposure to the underlying index before fees.

Each ETN tracks the BITA AI Leaders Select Net Total Return Index, which includes 25 U.S.-listed companies designated as Purity Leaders or Key Enablers in AI technologies. The index is net total return, crediting dividends after applicable withholding taxes and weighting both pure-play AI firms and larger diversified technology companies.

The ETNs are intended as active trading tools, not buy-and-hold investments, since daily reset leverage can cause returns to diverge substantially from three times the index over longer periods. Investors face heightened volatility, risk of full losses in a single day and exposure to BMO’s unsecured credit risk.