BMO Investments Inc. Thursday added five mutual funds to its product lineup. The new additions are intended to help address a need for growth and income among Canadian investors.

The new funds include:

BMO Core Bond Fund
This Canadian fixed income fund invests primarily in Canadian government and investment grade corporate bonds. In today’s low interest rate environment, the fund will address the investor need for a high level of income and capital preservation, BMO says.

BMO Core Plus Bond Fund
This Canadian fixed income fund invests in Canadian government and investment grade corporate bonds plus higher yielding fixed income asset classes. It will target a high level of interest income and maintain a total return approach for investors.

BMO Global Balanced Fund
This international fund with a total return strategy is designed for investors who are looking for steady growth through a portfolio of equity and fixed income investments.

BMO U.S. Dividend Fund
This equity fund is designed to address the investor need for income and long-term capital growth by investing in U.S. companies that are expected to grow their dividends over time. It is the Canadian dollar version of the existing BMO U.S. Dollar Dividend Fund.

BMO U.S. Equity Plus Fund
This equity fund is designed for investors seeking high returns through blue chip U.S. and Canadian companies.