BMO Global Asset Management has launched nine new funds to better meet the evolving needs of investors.
The addition of these funds further expands and diversifies the BMO Fund’s robust roster, which now stands at 41.
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Barry McInerney, co-CEO of BMO Global Asset Management, said: "In today’s volatile market environment, investors are increasingly looking for ways to reduce risk while still increasing potential returns. The strategies within these new funds respond to this need by providing more choice not only to individual investors, but to the consultants and advisors who guide them as well."
Funds being launched today include:
- BMO Small-Cap Core Fund — seeks to provide capital appreciation by investing at least 80% of its assets in a broadly diversified portfolio of common stocks of small cap US companies similar in size to those within the Russell 2000 Index.
- BMO Pyrford Global Equity Fund — seeks to provide capital appreciation by investing at least 80% of assets in equity securities of both US and non-US companies. The fund invests primarily in companies that are located in developed countries outside of North America and, at the time of purchase, have a minimum market capitalization of US$2 billion.
- BMO Multi-Asset Income Fund — seeks to maximize total return consistent with current income by investing primarily in shares of different ETFs and mutual funds, including other BMO Funds. The fund may invest in equity securities of varying market capitalization and fixed income investments of varying credit quality.
- BMO Global Natural Resources Fund — seeks to provide capital appreciation by investing, on average, at least 80% of its net assets in common stocks of US and non-US natural resources companies, defined as companies that own, produce, refine, process, transport, and market natural resources and companies that provide related services.
McInerney added: "These new mutual funds, based on similar existing strategies managed by the firm, offer risk/reward profiles that can potentially mitigate risk while enhancing returns. We’re continuously reviewing our suite of products, to take advantage of market inefficiencies. The additions to our fund family that we’re announcing today will aid or assist in our ability to help our clients achieve their long-term investing goals."
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