BMO Exchange Traded Funds will pay monthly distributions on 14 funds that previously paid distributions on a quarterly basis starting in January, BMO Asset Management Inc. said Monday.

Additionally, distributions on nine funds are changing from a quarterly basis to an annual basis.

“The goal of our ETFs is to ensure that they continue to meet Canadian investors’ needs effectively and efficiently. In current markets, investors are increasingly recognizing the benefits of income within their portfolios, and are placing a greater emphasis on regular income generation. We believe that by changing to monthly distributions on our higher yielding ETFs, we are simplifying investment decisions for our customers,” said Rajiv Silgardo, Co-CEO, BMO Global Asset Management, in a release.

For a complete list of changes to the distribution frequency, click here.

BMO Asset Management Inc. is an investment counsel firm and a separate legal entity from Bank of Montreal (TSX:BMO).

IE