Toronto-based BMO Investments Inc. announced the launch of two funds: BMO Concentrated U.S. Equity Fund, which provides unitholders with a portfolio of high-quality U.S. equities and invests with high concentration and the aim of delivering long- term capital appreciation; and BMO Low Volatility Canadian Equity ETF Fund, which invests in a diversified portfolio of Canadian equities that have lower sensitivity to market movement, also with the aim of providing long-term capital appreciation.
The funds are available in Series A, Series F, Series D, Series I and Advisor Series. The management fee for Series A of BMO Concentrated U.S. Equity Fund is 1.70%. The management fee for Series A of BMO Low Volatility Canadian Equity ETF Fund is 1.25%, and the no-load trailing commission is 1.00%.
BMO also expanded its cash-flow product lineup, with Series T6 and Series F6 added to BMO Concentrated Global Equity Fund. Other changes include: lowering the management fee on Series L units of BMO Tactical Balanced ETF Fund, BMO Tactical Dividend ETF Fund and BMO Tactical Global Growth ETF Fund to 0.05%; changing the name of BMO Fossil Fuel Free Fund to BMO Sustainable Opportunities Global Equity Fund; and reducing the risk ratings of several mutual funds. For more information, visit bmo.com/mutualfunds.