BMO InvestorLine today launched two new options for its Mutual Fund Model Portfolios. In an expanded partnership with Canadian mutual fund analyst Ranga Chand, the line-up will now include index and tax efficient model portfolios.
Since the launch of Ranga Chand’s Heavy Hitter Mutual Fund Select Model Portfolios in 2003, trading volume in the funds represented by the Model Portfolios has increased by 143%.
“We continue to provide our clients with investment solutions that offer investors value, simplified investment options and the control to make their own investment decisions,” said Tom Flanagan, president and COO, BMO InvestorLine. “The introduction of the Ranga Chand Heavy Hitter Index and Tax Efficient Model Portfolios will enhance our clients’ ability to diversify their investments with low cost and tax efficient investment options that they can easily incorporate into their long-term financial plan.”
With the addition of index and tax efficient model portfolios, BMO InvestorLine clients will have access to two new types of models under Ranga Chand’s Heavy Hitter line-up and four types of Model Portfolios in total.
The tax efficient model portfolios allow investors to take advantage of tax efficiencies and minimize the impact of capital gains, dividend and interest income taxation, especially in non-registered accounts.
The index model portfolios offer investors cost-effective exposure to a market index such as the S&P/TSX 60, Dow Jones Industrial or the S&P 500.