Toronto-based BMO Investments Inc. has announced the launch of several new funds.
The following new funds are being introduced with Series A, Series F, Series D, Series I and Advisor Series securities (subject to receipt of securities regulatory approval):
> BMO Concentrated Global Equity Fund, which provides investors with a portfolio of global high-quality equities, investing with high concentration to deliver long-term capital appreciation.
> BMO Covered Call Canada High Dividend ETF Fund, which invests in dividend-paying equities with additional yield through a covered call overlay, complementing BMO Investments’ existing suite of covered-call funds.
> BMO Crossover Bond Fund, which offers a targeted exposure to BBB- and BB-rated bonds issued by corporations in developed markets, delivering a credit vehicle for portfolio construction.
> BMO Global Multi-Sector Bond Fund, which is designed for investors looking for a high level of interest income with the ability to respond to changing markets by investing in a diversified portfolio of global fixed-income securities.
> BMO Multi-Factor Equity Fund, which invests systematically in U.S. equities by identifying factor exposures to enhance portfolio construction.
> BMO U.S. Small Cap Fund, which provides systematic return opportunities from smaller and mid-sized companies to complement traditional U.S. exposures.
“We recognize that investing in global solutions and the continued need for income are core priorities for investors,” says Kevin Gopaul, head of BMO Asset Management Inc., in a statement. “We are excited to add unique exposures and broader solutions that allow investors to pivot their portfolios, add income and add more global reach easily.”
Other changes to the firm’s product lineup, including fee reductions and risk ratings changes is available on the firm’s news release.