- BMO International Equity Fund and BMO Japan Fund provide access/exposure to equity markets with different return drivers than Canadian markets
- International markets can add value based on different political, economic, and monetary stimulus
- International investing improves home-biased Canadian portfolios, as they may be overly exposed to cyclical resource-based investments
TORONTO, Aug. 17, 2017 /CNW/ - BMO Investments Inc. (BMOII) has launched two new funds designed to help Canadian investors diversify sector exposures and offset Canadian market concentration by adding international exposure to their portfolios.
BMO International Equity Fund: provides exposure to international equity markets, which are expected to continue to rebound based on accommodative monetary policy and lessening political risks. International economies are more diversified by sector and have limited exposure to resource companies compared to Canada.
BMO Japan Fund: provides access to Japanese equity markets, which are expected to benefit from stronger export-stimulated economic growth. The Japanese economy has more exposure to industrial and consumer companies and has limited exposure to resource companies compared to Canada.
"Many Canadian investors have a large portion of their portfolio invested in their home market, yet Canada represents only four per cent of global equity markets," said Kevin Gopaul, Head of BMO Global Asset Management Canada. "BMO International Equity Fund and BMO Japan Fund help build better portfolios by adding exposure to international markets that have different return drivers than Canadian markets."
For more information, please visit www.bmo.com/gam/ca/advisor/products/mutual-funds.
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BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate entity from Bank of Montreal.
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp. and BMO's specialized investment management firms.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the fund facts or prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
®"BMO (M-bar roundel symbol)" is a registered trade-mark of Bank of Montreal, used under licence.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions. The forward-looking statements are not historical facts but reflect BMOII's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although BMOII believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. BMOII undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $719 billion as of April 30, 2017, and more than 45,000 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, Wealth Management and BMO Capital Markets.
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