According to the firm, the funds are suitable for those investors looking for investment products that provide access to steady income.
A BMO research points out that approximately three-quarters of Canadians are interested in generating more income from their investments.
With regard to the launch of a pool of funds, BMO Asset Management ETFs and Mutual Funds senior vice president and chief investment officer Kevin Gopaul said the firm has introduced these new funds because there is a growing appetite among Canadians for innovative income-based products.
The New Funds include BMO Guardian Enhanced Equity Income Fund Advisor Series, which offers steady monthly cash flow drawn from quality companies.
BMO Guardian Target Enhanced Yield ETF Portfolio Advisor Series, the second fund developed to provide targets yield by investing in a mix of equity and fixed income ETFs.
The third fund BMO Guardian Target Yield ETF Portfolio Advisor Series, provides effective exposure to asset classes with expanded level of diversification.
BMO Guardian Laddered Corporate Bond Fund Advisor Series is designed to meet the risk management in the face of changing interest rates.
