TORONTO, Jan. 26 /CNW/ - BMO Investments Inc. today announced the launch
of two new BMO LifeStage Plus Funds. The additions of BMO LifeStage Plus 2022
Fund and BMO LifeStage Plus 2026 Fund to the LifeStage Plus family of
lifecycle funds are in response to strong demand for target end date products
with a Guaranteed Maturity Amount.
BMO LifeStage Plus Funds provide investors with downside protection by
locking in the highest daily unit price that the fund achieves prior to its
target end date. "During these times of market volatility, investors are
seeking products that will protect them from any potential downturns while
still offering upside market exposure. Our new additions will offer investors
a wider range of options," said Linda Knight, President and Chief Operating
Officer, BMO Investments Inc.
Investors can match their investment needs and time horizons with an
appropriate target end date (2017, 2022, 2025, 2026 or 2030) whether their
goals include saving for a child's education or their own retirement.
Investors who want to receive funds over several time periods can also stagger
the maturity dates.
The new funds are also available as part of the BMO Guardian Fund family
and will be known as BMO Guardian LifeStage Plus 2022 Fund Advisor Series and
BMO Guardian LifeStage Plus 2026 Fund Advisor Series.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of
the organization's Private Client Group. The Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of $286
billion as at April 30, 2008.
About BMO Guardian Funds
BMO Guardian Funds refers to certain mutual funds and/or series of mutual
funds offered by Guardian Group of Funds Ltd. or BMO Investments Inc., both
financial services firms and separate entities from Bank of Montreal.
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