BMO Investments Announces Changes to the BMO LifeStage Plus Family of Funds
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.
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