BMO Investments Inc. has launched six new mutual funds to address investor demand for enhanced fixed income and yield solutions, as well as expanded product options. The new funds and their objectives are:
BMO Aggregate Bond ETF Fund – aims to provide a return similar to one or more Canadian bond ETFs.
BMO Corporate Bond ETF Fund – aims to provide a return similar to one or more Canadian corporate bond ETFs.
BMO Global Energy Fund – aims to increase the value of the investment over the long term by investing primarily in equity and fixed income securities of companies involved in energy, alternative energy, or related industries worldwide.
BMO Global Low Volatility ETF Fund – aims to increase the value of the investment over the long term by investing primarily in global equity and fixed income ETFs.
BMO Premium Yield ETF Fund – aims to provide a return similar to one or more ETFs that provide exposure to a portfolio of US large-cap companies by investing in US equity securities and derivatives instruments to generate income and mitigate downside risk.
BMO Greater China Fund – aims to achieve long-term capital growth by investing primarily in equity securities of companies in Greater China and equity securities of companies that benefit from exposure to Greater China.