News Releases
TORONTO, Aug. 17, 2020 /CNW/ - BMO Investments Inc. (BMOII) today announced the expansion of its mutual funds lineup, including the introduction of a suite of USD ETF Portfolios.
"We are pleased to continue expanding our offerings, providing investors solutions that align with their investment priorities," said Mark Raes, Head of Product, BMO Global Asset Management Canada. "These funds and portfolios reinforce both our commitment to offering investors differing currency solutions, and our leadership in ETF-based funds and responsible investing."
BMOII has launched the following wealth management solutions for investors seeking different U.S. investment options:
- BMO USD Income ETF Portfolio
- BMO USD Conservative ETF Portfolio
- BMO USD Balanced ETF Portfolio
BMO USD ETF Portfolios are built with the same expertise as the seven year-old BMO ETF Portfolios, and now provide U.S. dollar versions of the Income, Conservative and Balanced portfolios.
BMOII has also launched the following new funds:
- BMO Sustainable Opportunities Canadian Equity Fund – This fund invests in an all-cap portfolio of high-growth Canadian companies that demonstrate a clear commitment to sustainability.
- BMO Low Volatility U.S. Equity ETF Fund – This fund offers investors greater choice in low-volatility solutions, and enhanced diversification with a higher weight to defensive sectors.
- BMO Target Education 2040 Portfolio – This fund expands BMOII's suite of education savings mutual funds.
For more information about BMO Mutual Funds please visit www.bmo.com/mutualfunds.
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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, management fees and expenses all may be associated with investments in mutual funds. Trailing commissions may be associated with investments in certain series of securities of mutual funds. Please read the fund facts or simplified 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 BMO Mutual Funds, please see the specific risks set out in the simplified prospectus.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $987 billion as of April 30, 2020, and a team of diverse and highly engaged 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, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group
