Products January 3, 2014

BMO Releases Fund Family

Five target-date funds (TDFs) are among the nine funds launched by BMO Global Asset Management.
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New TDFs include the following: 

  • BMO Target Retirement 2015 Fund;
  • BMO Target Retirement 2025 Fund;
  • BMO Target Retirement 2035 Fund;
  • BMO Target Retirement 2045 Fund; and
  • BMO Target Retirement 2055 Fund. 

BMO designed the TDFs to provide investors, usually retirement plan sponsors and their plan participants, with professionally managed retirement savings solutions that are easy to understand and implement.

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The firm also released four other funds taking a variety of positions. These include:

  • BMO Small-Cap Core Fund, which pursues capital appreciation by investing at least 80% of its assets in a broadly diversified portfolio of common stocks of small-cap U.S. companies similar in size to those within the Russell 2000 Index.
  • BMO Pyrford Global Equity Fund, which strives to provide capital appreciation by investing at least 80% of assets in equity securities of both U.S. and non-U.S. companies. The fund invests primarily in companies that are located in developed countries outside of North America and, at the time of purchase, have a minimum market capitalization of $2 billion.
  • BMO Multi-Asset Income Fund, which is designed to maximize total return consistent with current income by investing primarily in shares of different exchange-traded funds (ETFs) and mutual funds, including other BMO Funds. The fund may invest in equity securities of varying market capitalization and fixed income investments of varying credit quality.
  • BMO Global Natural Resources Fund, which seeks capital appreciation by investing at least 80% of its net assets in common stocks of U.S. and non-U.S. natural resources companies, defined as companies that own, produce, refine, process, transport and market natural resources—and companies that provide related services.

BMO designed the funds to help investors reduce risk while still increasing potential returns, says Barry McInerney, co-CEO of BMO Global Asset Management.

More information about BMO Global Asset Management and the new funds is available at www.bmogam.com.  

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