News Releases
TORONTO, Dec. 11, 2018 /CNW/ - BMO Investments Inc. (BMOII) today announced the launch of two high conviction BMO Mutual Funds, that are intended to provide investors an opportunity to access growth in Canada and North America.
"High conviction portfolios – concentrated in fewer stocks than traditional funds – are increasingly in demand," said Mark Raes, Head of Product Management Canada, BMO Global Asset Management. "We are committed to meeting the needs of advisors for their clients."
BMOII has launched the following new funds – sub-advised by SIA Wealth Management Inc. – which offer Series A, Series F, Series D, Series I, Advisor Series and ETF Series units. The offering of ETF Series units of the funds with tickers ZFC and ZFN, respectively, has closed and they will begin trading on the Toronto Stock Exchange today.
- BMO SIA Focused Canadian Equity Fund: This fund provides investors access to a concentrated portfolio of Canadian equities that are selected based on relative strength.
- BMO SIA Focused North American Equity Fund: This fund provides investors access to a concentrated portfolio of North American equities that are selected based on relative strength.
SIA Wealth Management Inc. (SIAWM) is an independent investment management firm founded in 2012 and focused on creating financial wealth for investors by building diversified portfolios through relative strength analysis.
®/™Registered trade-marks/trade-mark of Bank of Montreal, used under license.
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO's specialized investment management firms.
BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.
Commissions, trailing commissions (if applicable), management fees and expenses all may be associated with mutual fund investments. Please read the ETF facts, fund facts or prospectus of the relevant mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO Mutual Funds, please see the specific risks set out in the prospectus. ETF Series of the BMO Mutual Funds trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.
About BMO Global Asset Management
BMO Global Asset Management is a provider of award winning ETFs, mutual funds and investment products built on global insights from advanced investment capabilities and partnerships.
BMO Global Asset Management is a part of BMO Financial Group, a highly diversified financial services provider based in North America with total assets of CDN $774 billion as of October 31, 2018.
SOURCE BMO Financial Group
