Toronto-based BMO Investments Inc. has launched two high conviction mutual funds, which are intended to provide investors an opportunity to access growth in Canada and North America through concentrated portfolios, the company announced Tuesday.
“High conviction portfolios — concentrated in fewer stocks than traditional funds — are increasingly in demand,” says Mark Raes, head of product management Canada, BMO Global Asset Management.
BMO SIA Focused Canadian Equity Fund and BMO SIA Focused North American Equity Fund, which are subadvised by Calgary-based SIA Wealth Management Inc. (SIAWM), offer series A, series F, series D, series I, advisor series and ETF series units.
The offering of ETF series units of the funds with tickers ZFC and ZFN, respectively, has closed and are now trading on the Toronto Stock Exchange.
SIAWM is an independent investment management firm founded in 2012 and focused on creating financial wealth for investors by building diversified portfolios through relative strength analysis.