BMO rolls out new mutual funds

By Staff | May 13, 2019 | Last updated on May 13, 2019
1 min read
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Toronto-based BMO Investments Inc. on Monday announced new fund and series launches, fee reductions, a name change and risk rating reductions to certain funds.

BMO Concentrated U.S. Equity Fund fund provides investors with a portfolio of U.S. high quality equity securities, investing with high concentration to deliver long-term capital appreciation. BMO Low Volatility Canadian Equity ETF Fund invests in a diversified portfolio of Canadian equities that have lower sensitivity to market movement with the potential for long-term capital appreciation. The new funds are available in Series A, Series F, Series D, Series I and Advisor Series securities (subject to receipt of securities regulatory approval).

BMO has also expanded its cash flow product lineup with Series T6 and Series F6 securities being added to BMO Concentrated Global Equity Fund (subject to receipt of securities regulatory approval).

The company also announced a series of changes that take effect immediately:

  • the management fee on Series L securities of BMO Tactical Balanced ETF Fund, BMO Tactical Dividend ETF Fund and BMO Tactical Global Growth ETF Fund drops to 0.05%;
  • BMO Fossil Fuel Free Fund has changed its name to BMO Sustainable Opportunities Global Equity Fund; and
  • the risk ratings of more than 10 mutual funds have been reduced.

More information on these changes can be found in the company’s news release.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.