TORONTO, ONTARIO--(Marketwire - Aug. 1, 2012) - BMO Investments Inc. (BMOII) today announced that it has enhanced some of its mutual fund offerings as part of its ongoing commitment to providing Canadian investors with easier fund access and increased investing opportunities.
BMOII Introduces No-load Version of BMO Canadian Large Cap Equity Fund
A no-load version of BMO Canadian Large Cap Equity Fund was made available starting July 30, 2012. The fund provides capital growth through exposure to Canadian large capitalization corporations.
BMO Canadian Large Cap Equity Fund is ideal for investors who are comfortable with medium investment risk and plan to hold this investment for the medium to long term. The fund's objective is to provide long-term growth through capital appreciation and dividends by investing primarily in a portfolio of Canadian equities and equity-related securities with large market capitalization.
T6 Series - BMO Target Yield and BMO Target Enhanced Yield ETF Portfolios
After introducing four new income solutions designed to address the growing need for income and cash-flow among Canadian investors, BMOII has announced that it is adding a T6 series to the recently launched BMO Target Yield ETF Portfolio and BMO Target Enhanced Yield ETF Portfolio. The T6 options are designed to provide tax efficiencies through the deferral of taxes and also offer a predictable income stream with the distribution rate set at the beginning of each year. These series will make monthly distributions based on six per cent annually of the net asset value; this amount would include return of capital. T series also widen the range of cash-flow investments available through BMO funds.
BMO Target Yield ETF Portfolio provides a regular distribution by investing primarily in Exchange Traded Funds (ETFs) and/or other mutual funds that invest in fixed income securities.
BMO Target Enhanced Yield ETF Portfolio provides a regular distribution by investing primarily in ETFs and/or mutual funds that invest in fixed income and equity securities. The fund may also invest directly in fixed income or equity securities, and cash or cash equivalents.
"BMO Investments Inc. is committed to providing investors with a broad range of innovative products that suit their individual investing objectives," said Hugh McKee, President and Chief Operating Officer, BMO Investments Inc. "These latest enhancements to our mutual fund line-up make it easier for Canadian investors seeking innovative income-based products to access a wider variety of funds and to take advantage of tax efficiencies."
For more information on mutual funds, please visit www.bmo.com/investments.
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BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.