BMO Investments has launched five new mutual funds to support the needs of income-focused investors.
Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management Inc, said: "We’ve introduced these new funds for investors who are looking for income but want to protect against interest rate volatility. These additions to our mutual fund lineup make it easier for Canadians who are seeking innovative income-based products to access a wider variety of asset classes."
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The new funds include:
BMO Preferred Share Fund
– Meant for those who want to invest in a high demand asset class that offers more tax efficient income than debt investments.
– Preferred shares are an excellent portfolio construction tool with different return characteristics from both equities and fixed income.
BMO Tactical Dividend ETF Fund
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By GlobalData– An actively managed fund of ETFs that uses a Canadian core and global active allocation strategy
– Ideal for those who are seeking income as well as capital growth in a low cost, globally diversified, ETF-based investment
– Managed by Larry Berman, host of Berman’s Call on BNN
BMO U.S. Dollar Dividend Fund
– Meant for income-seeking investors to purchase in U.S. dollars, who are looking for greater yields than those offered by the debt markets and with equity growth opportunities
BMO U.S. Dollar Balanced Fund
– Designed for investors to purchase in U.S. dollars, and offers a total return approach to access the U.S. growth story
BMO Emerging Markets Bond Fund
– Enables investors to access the emerging markets fixed income sector that provides higher yield than traditional Canadian fixed income investments
