TORONTO, ONTARIO--(Marketwire -06/12/12)- BMO Investments Inc. (BMOII) today announced the launch of four new income solutions that are designed to address a growing need for income and cash-flow among Canadian investors. The funds use innovative strategies to meet investors' need for steady income.
The new income solutions reflect BMOII's commitment to meet the needs of investors who are looking for investment products that provide access to stable income. According to a BMO study, almost three-quarters of Canadians are interested in generating more income from their investments.
The funds have been available to Canadian investors through the advisor community since June 4, 2012.
"We have introduced these new funds because there is a growing appetite among Canadians for innovative income-based products," said Kevin Gopaul, Senior Vice President and Chief Investment Officer, ETFs and Mutual Funds, BMO Asset Management Inc. "Many people are approaching or entering retirement and are looking for income and cash-flow solutions. When you combine this with the fact that low interest rates are fuelling a need for more alternative sources of income, these funds are all the more relevant for the current market environment."
The New Funds Include:
-- Offers reliable monthly cash flow drawn from quality companies -- Enhances equity income and lowers volatility by using covered calls
-- Targets yield by investing in a mix of equity and fixed income ETFs -- Uses ETFs and mitigates risk to provide effective exposure to asset classes with expanded level of diversification
-- Targets yield by investing in fixed income ETFs -- Uses ETFs and mitigates risk to provide effective exposure to asset classes with expanded level of diversification
-- Provides a balance of yield and risk management in the face of changing interest rates
For more information, visit bmoguardianfunds.com.
These funds are also available through BMO Mutual Funds. For more information on BMO Mutual Funds speak to your local BMO investment professional.
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The online survey, referred to above as the BMO study, was conducted by Leger Marketing from March 28 - March 31, 2011, with 1501 Canadian adults.
BMO Guardian Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity firm from Bank of Montreal. Commissions, trading commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.