BMO Investments Inc. today announced it will launch six new mutual funds and a currency option on an existing fund, available October 12.

The fund company says the new selection will bring added income, currency diversification and global reach, particularly into China, to Canadian retail investors.

Advisors for the new funds include UBS Global Asset Management (Canada) Co., Jones Heward Investment Counsel Inc. and Asian specialist, Martin Currie Inc.

“We took great care to ensure we matched this new line-up of mutual funds with outstanding firms that demonstrated strong track records and consistent results,” said Ed Legzdins, president and CEO, BMO Investments, in a release.

Two new income products –BMO Global Monthly Income Fund and BMO U.S. Dollar Monthly Income Fund — provide a complementary income-generating solution to non-registered portfolios.

The BMO Global Monthly Income Fund provides investors with a globally diversified portfolio with a fixed monthly cash flow. The BMO U.S. Dollar Monthly Income Fund offers investors, such as snowbirds or frequent travellers to the U.S, the benefit of U.S. dollar-based income along with the some capital appreciation potential.

These two funds will be managed by UBS Global Asset Management (Canada) Co.

BMO U.S. Value Fund (US$) is a new currency option on the firm’s existing BMO U.S. Value Fund. The new currency option will provide investors with an actively managed U.S. equity investment in U.S. dollars. The BMO U.S. Value Fund focuses on stable large-cap stocks that may be undervalued by the marketplace.

Donald Coxe, chairman and chief strategist of Harris Investment Management, and chairman of Jones Heward Investments Inc., manages the BMO U.S. Value Fund.

There are also four new tax advantage funds in the line-up announced today: BMO Canadian Equity Class; BMO U.S. Equity Class; BMO Dividend Class; and BMO Greater China Class.

These new funds will offer investors the opportunity to defer tax when switching between funds within the tax advantage family, making them suitable for inclusion in a non-registered portfolio.

BMO Greater China Class will focus on long-term capital growth by investing primarily in companies that operate in the People’s Republic of China, Hong Kong, Taiwan and companies that benefit from exposure to the region. Fund management firm, Martin Currie Inc., has more than 100 years of investment management experience and a strong track record across China and the rest of Asia.

BMO Canadian Equity Class and BMO Dividend Class will be managed by Jones Heward’s chief investment officer, Michael Stanley, who has has been the long time fund manager of the BMO Equity Fund and BMO Dividend Fund.

BMO U.S. Equity Class, which provides a fundamental U.S. equity element to the corporate class structure, will be managed by John Leonard, UBS Global Asset Management (Canada) Co.’s head of North American equities and head of equities.

With the addition of these new funds, BMO Investments now offers forty mutual funds covering a broad spectrum of asset classes, sectors, geographic regions and management styles.