BMO Investments Inc. (BMOII) announced Dec. 11 the launch of two high conviction BMO Mutual Funds. The funds are intended to provide investors with an opportunity to access growth in Canada and North America, says the company.
Sub-advised by SIA Wealth Management Inc., the new funds are BMO SIA Focused Canadian Equity Fund and the BMO SIA Focused North American Equity Fund. The funds offer Series A, Series F, Series D, Series I, Advisor Series and ETF Series units. The ETF Series units of the funds with tickers ZFC and ZFN have begun trading on the Toronto Stock Exchange.
"High conviction portfolios – concentrated in fewer stocks than traditional funds – are increasingly in demand," said Mark Raes, Head of Product Management Canada, BMO Global Asset Management. "We are committed to meeting the needs of advisors for their clients."