BMO Guardian Funds has launched six mutual fund portfolios of exchange-traded funds.
The new offerings include two tactically managed funds and four strategically managed risk-differentiated portfolios.
Each ETF mutual fund portfolio is a class of BMO Global Tax Advantage Funds, a mutual fund corporation which allows for switching among other BMO Global Tax Advantage Funds without incurring a taxable event.
The new offerings include: BMO Guardian Canadian Tactical ETF Class Advisor Series; BMO Guardian Global Tactical ETF Class Advisor Series; BMO Guardian Security ETF Portfolio Advisor Series; BMO Guardian Balanced ETF Portfolio Advisor Series; BMO Guardian Growth ETF Portfolio Advisor Series; and BMO Guardian Aggressive Growth ETF Portfolio Advisor Series.
"We are listening to our clients’ needs and created these new mutual fund portfolios of ETFs to give investors and financial advisers another tool with which to access the growing ETF market," says Serge Pepin, director of investments at BMO Investments. "These funds provide access to a portfolio of ETFs in one simple investment solution, in a mutual fund structure that many investors are familiar with."
