Toronto-based BMO Investments Inc. launched five new mutual funds on Friday.

“Our new funds seek to provide [growth opportunities], not only through identifying both current and potential strong market performers, but also by looking at untapped asset classes and geographies for global exposure,” says Kevin Gopaul, chief investment officer and senior vice president for BMO Asset Management Inc.

The new funds include BMO Growth Opportunities Fund, a growth-oriented fund that looks for key opportunities regardless of market capitalization or geography, and BMO Global Equity Fund, which offers access to developed markets globally and focuses on well-managed companies that are disciplined in earnings and cash flow growth.

Three of the new funds are actively managed funds of exchange-traded funds (ETFs).

BMO Tactical Balanced ETF Fund uses a total return approach that adjusts opportunistically between asset classes, sectors and countries based on the current market environment.

BMO Tactical Global Bond ETF Fund is for investors who are interested in government and corporate bonds, and adjusts the credit and maturity exposure based on opportunities in the market.

BMO Tactical Global Equity ETF Fund invests in Canadian, U.S. and global equities based on the strongest performers relative to the rest of the market.