BMO Launches New Series of LifeStage Class Funds
- Investors can choose from six target end date LifeStage Class Funds each with a different time horizon - Each Fund may invest in BMO ETFs and/or other mutual funds
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/22/11 -- BMO Financial Group today announced the launch of a new series of shares of six of its existing LifeStage Class Funds (the Funds)(i), a suite of mutual fund portfolios managed by BMO Investments Inc.
Each Fund annually shifts its asset mix from an emphasis on equity funds to an emphasis on fixed income and cash equivalent funds as it approaches its target end date. The Funds are intended to provide growth in the early stages and to become progressively more conservative over time as they near their respective target end date.
How the Funds work:
"Whether you are saving for your child's education or saving for retirement, this new series of the Funds allows you to choose from a selection of target end dates and then set your investment to help you reach your financial goal," said Serge Pepin, Head of Investments, BMO Investments Inc. "If you are unsure of how to invest with the wide range of investment choices available, these Funds allow you to watch your investments evolve into a more conservative product as the target end date approaches."
(i)This new series of each Fund is available in all BMO Bank of Montreal branches.
BMO Mutual Funds, including the LifeStage Class Funds, are offered by BMO Investments Inc., a financial services firm and separate legal entity 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 and for details on how the LifeStage Class Funds are structured to allow switches without triggering a disposition for income tax purposes. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $477 billion as at July 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2011 - 14:39 Uhr
Sprache: Deutsch
News-ID 90201
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 210 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Launches New Series of LifeStage Class Funds"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
