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Mutual funds

BMO Investments enhances mutual fund line-up options for Canadian investors


BMO Investments has enhanced some of its mutual fund offerings for Canadian investors.

A no-load version of BMO Canadian Large Cap Equity Fund will be available starting 30 July 2012. The fund provides capital growth through exposure to Canadian large capitalisation corporations.

BMO Canadian Large Cap Equity Fund is intended for investors who are comfortable with medium investment risk and plan to hold this investment for the medium to long term. The fund’s objective is to provide long-term growth through capital appreciation and dividends by investing primarily in a portfolio of Canadian equities and equity-related securities with large market capitalisation.

After introducing four new income solutions designed to address the growing need for income and cash-flow among Canadian investors, BMO Investments is adding a T6 series to the recently launched BMO Target Yield ETF Portfolio and BMO Target Enhanced Yield ETF Portfolio. The T6 options are designed to provide tax efficiencies through the deferral of taxes and also offer a predictable income stream with the distribution rate set at the beginning of each year. These series will make monthly distributions based on six per cent annually of the net asset value; this amount would include return of capital. T series also widen the range of cash-flow investments available through BMO funds.

BMO Target Yield ETF Portfolio provides a regular distribution by investing primarily in exchange-traded funds and/or other mutual funds that invest in fixed income securities.

BMO Target Enhanced Yield ETF Portfolio provides a regular distribution by investing primarily in ETFs and/or mutual funds that invest in fixed income and equity securities. The fund may also invest directly in fixed income or equity securities, and cash or cash equivalents.

"BMO Investments is committed to providing investors with a broad range of innovative products that suit their individual investing objectives," says Hugh McKee, president and chief operating officer, BMO Investments. "These latest enhancements to our mutual fund line-up make it easier for Canadian investors seeking innovative income-based products to access a wider variety of funds and to take advantage of tax efficiencies."

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