An anonymous director reports
BMO INVESTMENTS INC. ANNOUNCES NEW MUTUAL FUNDS, NEW FUND SERIES AND RISK RATING CHANGES
BMO Investments Inc. (BMOII), the manager of the BMO Mutual Funds, has qualified new funds and series, and has noted risk rating changes to certain funds.
BMOII has qualified the following new funds and fund series (subject to receipt of securities regulatory approval):
BMO Clean Energy ETF Fund (Series A, F and I): This fund provides equity exposure to companies involved in global clean energy-related businesses.
BMO Nasdaq 100 Equity ETF Fund (Series A, F and I): This fund provides equity exposure to non-financial companies listed on the U.S. Nasdaq-100 Index.
BMO SDG Engagement Global Equity Fund (Series A, F, I and Advisor Series): This fund invests in global equities using a responsible investment approach to support sustainable development goals.
BMO Sustainable Bond Fund (Series A, F, I and Advisor Series): This fund invests in Canadian dollar-denominated debt instruments using a responsible investing approach.
BMO Sustainable Opportunities China Equity Fund (Series A, F, I and Advisor Series): This fund invests in Chinese equities using a responsible investing approach.
BMO U.S. All Cap Equity Fund (Series A, F, I, ETF Series and Advisor Series): This fund invests in equity securities of U.S. companies of any size of market capitalization.
BMOII has also qualified new series of the following funds (subject to receipt of securities regulatory approval).
Risk rating changes
Effective immediately, the risk ratings of the funds listed in the table below have been changed. There are no changes to the investment objectives, strategies or management of these funds associated with the new risk ratings.
These risk rating changes are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators and an annual review by BMOII to determine the risk level of its publicly offered mutual funds.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider -- the eighth-largest bank, by assets, in North America. With total assets of $950-billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and commercial banking, BMO Wealth Management, and BMO Capital Markets.
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