(January 11 – 10:15 ET) – Bank of Montreal’s BMO Mutual Funds today announced the addition of seven new RSP World Funds to its current roster of five.

The new additions to the RSP World Funds increase the family of funds to 12 and include a number of sector funds: Global Bond Fund, RSP Global Balanced Fund, RSP Global Opportunities Fund, RSP Global Financial Services Fund, RSP Nasdaq Index Fund, RSP Global Health Sciences Fund and RSP Global Technology Fund.

Five of the new funds provide returns linked to the new BMO Global Tax Advantage Funds, launched in November 2000. Two others include a global bond fund and a fund that mirrors the Nasdaq-100 index.

BMO RSP World Funds are 100%-RRSP/RRIF eligible and will be managed by Rothschild Asset Management, Harris Investment Management, J.P. Morgan Investment Management and State Street Global Advisors Ltd.

“Even with the recent increase in the foreign content limit, Canadian investors want additional access to global markets and sectors to ensure their RRSP portfolio is providing optimum returns,” said Ed Legzdins, president and CEO, BMO Mutual Funds.

“Adding funds that mirror the performance of existing funds and indexes allows investors to diversify their portfolio outside our borders, without having to worry about exceeding the foreign content limit.” BMO RSP World Funds hold most of their assets in futures or forward contracts to mirror the returns of established indexes or mutual funds.

“The extensive selection of BMO RSP World Funds will give investors the flexibility to invest in a particular market or sector, or to enjoy broader coverage by tracking the performance of a foreign index,” said Legzdins.
-IE Staff