BMO Investments Inc. has launched five mutual funds intended to help address a need for growth and income among Canadian investors.
BMO Core Bond Fund: A Canadian fixed income fund, which will invest primarily in Canadian government and investment grade corporate bonds. In today’s low interest rate environment, the fund will address the investor need for a high level of income and capital preservation.
BMO Core Plus Bond Fund: A Canadian fixed income fund that will invest in Canadian government and investment grade corporate bonds plus higher yielding fixed income asset classes. It will target a high level of interest income and maintain a total return approach for investors.
BMO Global Balanced Fund: An international fund with a total return strategy designed for investors who are looking for steady growth through a portfolio of equity and fixed income investments.
BMO U.S. Dividend Fund: An equity fund designed to address the investor need for income and long-term capital growth by investing in U.S. companies that are expected to grow their dividends over time. It is the Canadian dollar version of the existing BMO U.S. Dollar Dividend Fund.
BMO U.S. Equity Plus Fund: An equity fund for investors seeking high returns through blue chip U.S. and Canadian companies.