- Funds managed by BMO's new Global Equity team
TORONTO, Nov. 14,
2022 /CNW/ - BMO Global Asset Management (BMO
GAM) today announced the launch of three new funds managed in
conjunction with its new Global Equity Team.
The new actively managed Canadian and global income and growth
funds offer innovative solutions for investors seeking exposure to
growth opportunities and access to key sector portfolios that are
designed to be flexible and scalable to respond to today's macro
environment. Designed as a core, multi-asset solution, these funds
may invest in a variety of regions or sectors, leveraging the
investment expertise of BMO GAM's investment professionals. The new
BMO Global Innovators Fund offers focused exposure to companies
involved in the development of innovative products, processes or
services and companies that may benefit from these innovations.
"The launch of our new funds leverages enhanced investment
capabilities and builds on the strength and momentum of BMO GAM's
new Global Equity Team," said Sadiq S.
Adatia, Chief Investment Officer, BMO Global Asset
Management. "These new funds bring the best ideas from the team to
create solutions that meet a variety of investor needs."
BMO Investments Inc., the manager of the BMO Mutual Funds, has
qualified the following new funds and fund series:
- BMO Canadian Income & Growth Fund (series A, T6, F,
F6, I and Advisor Series). The fund's objective is to generate
income and provide long-term capital growth by investing primarily,
directly or indirectly, in Canadian equity and fixed income
securities. The portfolio manager of the fund, BMO Asset Management
Inc. (BMOAM), uses a combination of top down macro analysis and
fundamental analysis. The fund is managed by Sadiq S. Adatia, Marchello Holditch, Lutz
Zeitler, Jeff Elliott and
Earl Davis.
- BMO Global Income & Growth Fund (series A,
T6, F, F6, I and Advisor Series). The fund's objective is to
generate income and provide long-term capital growth by investing
primarily, directly or indirectly, in equity and fixed income
securities from around the world. The portfolio manager of the
fund, BMOAM, uses a combination of top down macro analysis and
fundamental analysis. The fund is managed by Sadiq S. Adatia, Marchello Holditch, Jeff
Elliott and Earl Davis.
- BMO Global Innovators Fund (series A, T6, F, F6, I and
Advisor Series). The fund's objective is to provide long-term
capital growth by investing primarily in equity and equity-related
securities of companies involved in the development of innovative
products, processes or services and companies that may benefit from
these innovations from around the world. The portfolio manager of
the fund, BMOAM, employs fundamental analysis to identify and
select equities that trade below their intrinsic value and
demonstrate superior earnings growth. The fund is managed by
Malcolm White and Jeremy Yang.
Visit Global Equity Solutions for more information on the new
funds.
Change of Portfolio Manager in 3
additional funds
In addition, three other funds will have a previously announced
change in portfolio managers. Columbia Threadneedle Management
Limited (formerly BMO Asset Management Limited) was replaced by
BMOAM as portfolio manager of BMO Global Equity Class and BMO
Global Equity Fund. In addition, Macquarie Investment Management
Advisers was replaced by BMOAM as portfolio manager of BMO Global
Infrastructure Fund.
About BMO Financial
Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With
total assets of $1.07 trillion as of
July 31, 2022, 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.
BMO Global Asset Management is a brand name under which BMO
Asset Management Inc. and BMO Investments Inc. operate. Certain of
the products and services offered under the brand name, BMO Global
Asset Management, are designed specifically for various categories
of investors in Canada and may not
be available to all investors. Products and services are only
offered to investors in Canada in
accordance with applicable laws and regulatory requirements.
Commissions, trailing commissions (if applicable), management
fees and expenses all may be associated with mutual fund
investments. Please read the fund facts or prospectus of the
relevant mutual fund before investing. Mutual funds are not
guaranteed, their values change frequently, and past performance
may not be repeated. Distributions are not guaranteed and are
subject to change and/or elimination.
For a summary of the risks of an investment in BMO Mutual Funds,
please see the specific risks set out in the prospectus.
BMO Mutual Funds are managed by BMO Investments Inc., which is
an investment fund manager and a separate legal entity from Bank of
Montreal.
®/™Registered trademarks/trademark of Bank of Montreal, used under licence.
SOURCE BMO Financial Group