Toronto-based BMO Investments Inc. on Thursday announced new mutual funds, cash flow and discount series launches, changes to distribution policies, and series terminations.

BMO has launched five mutual funds that in invest in exchange-traded funds (ETFs).

BMO Tactical Global Asset Allocation ETF Fund invests in a global diversified portfolio of equity and fixed income securities and ETFs.

BMO Tactical Global Growth ETF Fund invests in a diversified portfolio of global equity ETFs that emphasizes a growth orientation.

BMO Covered Call Canadian Banks ETF Fund, BMO Covered Call U.S. High Dividend ETF Fund, and BMO Covered Call Europe High Dividend ETF Fund provide exposure to dividend yielding companies in Canada, U.S. and Europe, respectively, with covered call overlays to mitigate downside risk.

BMO also announced it is expanding its cash flow series with new series F4, series F6 and series T4 being added to the three popular BMO Retirement Portfolios and additional series F6 being added to five of the BMO SelectTrust Portfolios.

As well, the firm’s existing discount series will be expanded with new series D being added to all of the BMO SelectTrust and BMO Retirement Portfolios.

Distribution policy changes

Effective immediately, the distribution policy of BMO World Bond Fund (series A, F, I, and advisor series), BMO Global Infrastructure Fund (series A, F, D, I and advisor series), and BMO Global Growth & Income Fund (series F and advisor series) has changed to a fixed monthly distribution.

Series terminations

Series H of each of the following funds will be terminated effective July 22:

  • BMO Asian Growth & Income Class;
  • BMO Canadian Equity Class;
  • BMO Dividend Class;
  • BMO Global Dividend Class;
  • BMO Short-Term Income Class;
  • BMO SelectClass Income Portfolio;
  • BMO SelectClass Balanced Portfolio;
  • BMO SelectClass Growth Portfolio;
  • BMO SelectClass Equity Growth Portfolio.

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