BMO makes updates to mutual fund shelf

Firm introduces new funds and series, updates risk rating for one strategy

BMO makes updates to mutual fund shelf

BMO Investments Inc., the manager of BMO Mutual Funds, recently announced the launch of new funds and series, as well as a risk rating reduction for BMO World Bond Fund.

The following new funds have been launched by BMOII, with the series listed below (subject to securities regulatory approval):

Fund

Series

BMO Canadian Banks ETF Fund

Series A, T6, F, F6, I and Advisor Series

BMO Global Enhanced Income Fund

Series A, T6, F, F6, I and Advisor Series

BMO Global Quality ETF Fund

Series A, T6, F, F6, I and Advisor Series

BMO U.S. Corporate Bond Fund

Series A, F, I and Advisor Series

 

BMOII has added Series T6 and Series F6 securities to the following funds (subject to securities regulatory approval):

Fund

New Series

BMO Asset Allocation Fund

Series T6

BMO Brookfield Global Real Estate Tech Fund

Series T6 and Series F6

BMO Brookfield Global Renewables Infrastructure Fund

Series T6 and Series F6

BMO Dividend Fund

Series T6

 

The risk rating of BMO World Bond Fund was also decreased to a low rating, from medium to low, on May 27, 2022.

This fund's investment objectives, strategies, or management have not changed as a result of the new risk rating.

This risk rating reduction is based on the Canadian Securities Administrators' standardized risk categorization methodology and a yearly evaluation by BMOII to determine the risk level of its publicly traded mutual funds.

Find out how do BMO Mutual Funds work in this article.

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