BMO Investments has launched a series of four mutual fund portfolios that invest primarily in exchange-traded funds.
Each ETF mutual fund portfolio is a class of BMO Global Tax Advantage Funds, a mutual fund corporation, which allows for switching among the other BMO Global Tax Advantage Funds without incurring a taxable event.
These portfolios complement two tactical ETF mutual fund portfolios launched in May.
Available BMO mutual funds ETF portfolios now include: BMO Canadian Tactical ETF Class; BMO Global Tactical ETF Class; BMO Security ETF Portfolio; BMO Balanced ETF Portfolio; BMO Growth ETF Portfolio; and BMO Aggressive Growth ETF Portfolio.
"With the ever growing popularity of ETFs, BMO has been looking at ways to make this investment vehicle available to a wider range of clients, through products offered directly in our BMO branches. These new portfolios allow retail investment clients access to this market, in a mutual fund structure they are familiar with, simply by coming in and talking to an investment professional," says Serge Pepin, head of investments at BMO Investments. "Essentially, investors can now get professionally managed exposure to ETFs, through an all-in-one, solution."