BMO announces fund series launches, risk rating changes

BMO Investments Inc. is launching Series G securities for various mutual funds, subject to securities regulatory approval. The funds include:

• BMO Core Bond Fund
• BMO Core Plus Bond Fund
• BMO Monthly Income Fund
• BMO Asset Allocation Fund
• BMO Dividend Fund
• BMO Tactical Dividend ETF Fund
• BMO Fixed Income ETF Portfolio
• BMO Income ETF Portfolio
• BMO Conservative ETF Portfolio
• BMO Balanced ETF Portfolio
• BMO Growth ETF Portfolio
• BMO Equity Growth ETF Portfolio

In a release, the bank says the Series G funds are available exclusively through BMO Group Registered Retirement Savings Plan accounts.

Additional launch

BMO Investments has also launched Series D securities for the following funds, also subject to regulatory approval:

• BMO Money Market Fund
• BMO Diversified Income Portfolio
• BMO Global Diversified Fund
• BMO Global Monthly Income Fund
• BMO Growth & Income Fund
• BMO Laddered Corporate Bond Fund
• BMO Monthly Dividend Fund Ltd
• BMO Mortgage and Short-Term Income Fund
• BMO World Bond Fund
• BMO Canadian Large Cap Equity Fund
• BMO Global Growth & Income Fund
• BMO North American Dividend Fund
• BMO Global Small Cap Fund
• BMO Precious Metals Fund
• BMO Resource Fund
• Each of the BMO U.S. Dollar Funds
• Each of the BMO Global Tax Advantage Funds
• BMO Resource Fund
• Each of the BMO LifeStage Plus Funds
• Each of the BMO FundSelect Portfolios

Risk Rating Changes

As well, BMO Investments has made the following risk rating changes, effective on or about Nov. 10, 2017:

• BMO Conservative ETF Portfolio changed from “low to medium” to “low.”
• BMO Global Small Cap Fund changed from “medium to high” to “medium.”
• BMO Greater China Class changed from “high” to “medium to high.”

The bank notes in a release that the investment objectives or strategies of the funds listed won’t change as a result, and the changes are being made due to the implementation of the new standardized risk classification methodology recently mandated by Canadian Securities Administrators.

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