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At a ceremony in Toronto Wednesday evening, BMO Resource Fund was presented with the 2008 Lipper Award for best fund over three years in the Natural Resource Equity category. BMO Dividend Fund and GGOF Global Technology Fund also received top honours with Lipper Awards in the Canadian Dividend & Income Equity category (ten years) and Science & Technology Equity categories (five years), respectively.
The Lipper Fund Awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance relative to peers. Awards are presented to funds in 21 countries in Asia, Europe, and the Americas.
“BMO is honoured to receive these prestigious awards,” said Scott Steele, Chief Investment Officer of BMO Mutual Funds. “Our focus has always been to provide our clients with investment products that will help them achieve their long-term investment goals while providing prudent risk management, and these awards are a testament to that focus.”
The BMO Resource Fund provides investors with long-term growth through investments in the natural resource industry, primarily through the securities of Canadian exchange-listed companies that operate in the precious metals, base metals, oil and gas, or forest products industries.
The BMO Dividend Fund's objective is to achieve a high level of after-tax return, including dividend income and capital gains, from growth in the value of your investment by investing primarily in dividend-yielding common shares of established Canadian companies.
The GGOF Global Technology Fund provides investors with long-term capital gain by investing in leading technology companies around the world. It provides diversified exposure to the technology sector, investing in 50 to 60 companies that hold dominant positions within their industry.
“We select investment managers from around the globe that excel in their respective areas, with the goal of bringing top investment talent to Canadian investors,” said Gavin Graham, Chief Investment Officer of GGOF. “This is particularly true in a specialized area such as technology and on a global scale, and we are proud to receive the recognition of the Lipper Award as a validation of our efforts.”
BMO Mutual Funds are offered by BMO Investments Inc. which is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008
GGOF is a member of BMO and part of the Private Client Group. GGOF provides investors with a full product line of 35 mutual funds, diversified by asset class, geographic region and capitalization. GGOF, with $5.52 billion of mutual fund assets under management at February 29, 2008, offers its funds exclusively through financial intermediaries.
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