BMO Investments Inc. today announced the launch of six new mutual funds designed to address investor demand for enhanced fixed income and yield solutions to better position portfolios for today’s changing market.
“We’re pleased to introduce new mutual funds to help investors make progress and enhance their fixed income portfolios with recognized solutions including the BMO Aggregate Bond ETF Fund which is based on our widely held Canadian broad market ETF,” said Mark Raes, Head of Product, BMO Global Asset Management. “Our BMO Premium Yield ETF Fund expands our suite of cash flow solutions and provides an alternative exposure to traditional equity and bond portfolios. As well, we continue to expand our product line up with new focussed and specialized fund mandates to give investors more choice.”
BMO Investments Inc., the manager of the BMO Mutual Funds, has qualified the following new funds and fund series:
BMO Aggregate Bond ETF Fund (Series A, F, I and Advisor Series). This fund’s objective is to provide a return that is similar to the return of one or more exchange traded funds that invest primarily in Canadian bonds. The portfolio manager of the fund is BMO Asset Management Inc. (BMOAM).
BMO Corporate Bond ETF Fund (Series A, F, I and Advisor Series). This fund’s objective is to provide a return that is similar to the return of one or more exchange traded funds that invest primarily in Canadian corporate bonds. The portfolio manager of the fund is BMOAM.
