The two firms have separately launched two high-conviction funds and one multifactor ETF
BMO Investments has announced the launch of two high-conviction mutual funds that are intended to give investors a chance to access growth in Canada and North America.
“High conviction portfolios – concentrated in fewer stocks than traditional funds – are increasingly in demand," said Mark Raes, head of Product Management Canada at BMO Global Asset Management. “We are committed to meeting the needs of advisors for their clients.”
The firm has launched the following new funds:
- BMO SIA Focused Canadian Equity Fund - provides investors access to a concentrated portfolio of Canadian equities that are selected based on relative strength
- BMO SIA Focused North American Equity Fund - provides investors access to a concentrated portfolio of North American equities that are selected based on relative strength
Both funds are sub-advised by SIA Wealth Management, an independent investment management firm that builds diversified portfolios through relative strength analysis.
The two new funds are offered in Series A, Series F, Series D, Series I, and Advisor Series mutual-fund options. They are also available as ETFs on the TSX, with the BMO SIA Focused Canadian Equity Fund listed as ZFC and the BMO SIA Focused North American Equity Fund listed as ZFN.
Manulife has also launched a new multifactor ETF. Sub-advised by Dimensional Fund Advisors Canada and DFA Australia, the Manulife Multifactor Emerging Markets Index ETF trades on the TSX with the ticker MEME.B, and a management fee of 0.65%.
“We believe that offering our investors a holistic suite of investment products ensures that they have access to an excellent value proposition,” said Bernard Letendre, head of Wealth and Asset Management at Manulife Canada.
“This latest addition to our ETF platform is a reflection of our commitment to offering our clients competitive products that will help make their decisions easier and lives better every day.”