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Fund news: Launches and mergers from BMO and Manulife
3/25/2019 6:07:52 AM
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By Fund Library News Wire  | Thursday, December 13, 2018


 

By Mike Keerma

* BMO launches two high-conviction funds.
* Manulife multifactor EM ETF debuts on TSX.
* BMO Nesbitt Burns completes fund mergers and conversions.

* BMO launches two North America focused funds. BMO Investments Inc. debuted two high-conviction mutual funds intended to provide investors an opportunity to access growth in Canada and North America.

“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.

The funds are sub-advised by SIA Wealth Management Inc. and are also available as ETF units, trading on the Toronto Stock Exchange.

BMO SIA Focused Canadian Equity Fund: This fund provides investors access to a concentrated portfolio of Canadian equities that are selected based on relative strength. Also available as an ETF, BMO SIA Focused Canadian Equity Fund (TSX: ZFC).

BMO SIA Focused North American Equity Fund: This fund provides investors access to a concentrated portfolio of North American equities that are selected based on relative strength. Also available as an ETF BMO SIA Focused North American Equity Fund (TSX: ZFN).

SIA Wealth Management Inc. is an independent investment management firm founded in 2012 that focuses building diversified portfolios through relative strength analysis.

* Manulife multifactor ETF debuts on TSX. Manulife Investments announced that its Manulife Multifactor Emerging Markets Index ETF (TSX: MEME.B) began trading on the Toronto Stock Exchange on Dec. 12. The fund is sub-advised by Dimensional Fund Advisors Canada ULC and DFA Australia Limited. The fund tracks an index developed by Dimensional, which uses a multifactor approach using a proprietary technique.

* BMO Nesbitt Burns completes fund mergers and conversions. BMO Nesbitt Burns announced the completion of the following.

DoubleLine Fund merged with PineBridge Fund. DoubleLine Fund converted to an open-end mutual fund, adopted an investment mandate substantially similar to the PineBridge Fund, and was renamed BMO PineBridge Preferred Securities TACTIC Fund. The PineBridge Fund was terminated following the completion of the merger.

Global Water Fund and Global Alpha Fund converted to mutual funds. The Global Water Fund and Global Alpha Fund were converted to open-end mutual funds. The Global Water Fund was renamed BMO Global Water Solutions TACTIC Fund and the Global Alpha Fund was renamed the BMO Global Growth TACTIC Fund.

More information and details of the mergers can be found in the BMO Nesbitt Burns press release.

Check Fund Library’s Market Activity page regularly for active updates on key market indexes and commodities.

@FundLibrary – Follow Fund Library on Twitter for daily information and updates.

Disclaimer

© 2018 by Fund Library. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited.

The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

 
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