News Releases
TORONTO, Nov. 10, 2017 /CNW/ - BMO Investments Inc. (BMOII) today announced the launch of Series G securities for various BMO Mutual Funds, subject to receipt of securities regulatory approval. These include:
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BMO Core Bond Fund |
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BMO Fixed Income ETF Portfolio |
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BMO Core Plus Bond Fund |
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BMO Income ETF Portfolio |
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BMO Monthly Income Fund |
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BMO Conservative ETF Portfolio |
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BMO Asset Allocation Fund |
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BMO Balanced ETF Portfolio |
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BMO Dividend Fund |
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BMO Growth ETF Portfolio |
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BMO Tactical Dividend ETF Fund |
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BMO Equity Growth ETF Portfolio |
The new Series G funds are available exclusively through BMO Group Registered Retirement Savings Plan (RRSP) accounts.
"We are always looking for ways to help our small-to-medium-size business customers, including offering incentives to assist them in retaining top talent," said Trevor Philp, Senior Product Manager, BMO Global Asset Management. "Group RRSPs provide a great way for businesses to offer cost-effective retirement-saving solutions through convenient payroll deductions. Employees also have access to detailed financial planning and investment advice that is tailored to them."
Series D Securities
BMOII has also launched Series D securities for the following (subject to receipt of securities regulatory approval):
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BMO Money Market Fund |
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BMO Global Growth & Income Fund |
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BMO Diversified Income Portfolio |
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BMO North American Dividend Fund |
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BMO Global Diversified Fund |
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BMO Global Small Cap Fund |
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BMO Global Monthly Income Fund |
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BMO Precious Metals Fund |
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BMO Growth & Income Fund |
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BMO Resource Fund |
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BMO Laddered Corporate Bond Fund |
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Each of the BMO U.S. Dollar Funds |
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BMO Monthly Dividend Fund Ltd. |
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Each of the BMO Global Tax Advantage Funds |
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BMO Mortgage and Short-Term Income Fund |
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BMO Resource Fund |
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BMO World Bond Fund |
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Each of the BMO LifeStage Plus Funds |
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BMO Canadian Large Cap Equity Fund |
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Each of the BMO FundSelect® Portfolios |
Risk Rating Changes
Additionally, BMOII has announced the following risk rating changes, effective on or about November 10, 2017:
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BMO Conservative ETF Portfolio changed from "low to medium" to "low" |
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BMO Global Small Cap Fund changed from "medium to high" to "medium" |
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BMO Greater China Class changed from "high" to "medium to high". |
There are no changes to the investment objectives or strategies of these funds associated with their new risk ratings.
These changes result from the implementation of the new standardized risk classification methodology recently mandated by the Canadian Securities Administrators for publicly offered mutual funds.
For more information about BMO Mutual Funds please visit www.bmo.com/mutualfunds.
BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp. and BMO's specialized investment management firms.
®"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or prospectus before investing. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About BMO Financial Group
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $709 billion as of July 31, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group
