BMO Financial Group
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BMO Financial Group

November 05, 2015 09:16 ET

BMO Global Asset Management Wins Multiple Honours at 2015 Lipper Fund Awards

Recognitions Include Group Award for Equity ETFs in Canada

TORONTO, ONTARIO--(Marketwired - Nov. 5, 2015) - BMO Global Asset Management (BMO GAM) was recognized for investment excellence in multiple categories at last night's Lipper Fund Awards in Toronto.

The annual Lipper Fund Awards honour top risk-adjusted performing funds relative to peers. In addition, they recognize fund families with high average scores for all funds within a particular asset class or overall.

This year, BMO's Exchange Traded Fund (ETF) business won the Group Award for Equity ETFs in Canada. In 2009, BMO became the first Canadian bank to successfully introduce ETFs in Canada. Today, BMO offers 69 ETFs, including 48 equity-based ETFs. BMO has been responsible for several industry firsts and has led the Canadian ETF industry in net-new inflows for four consecutive years.

BMO GAM also claimed top honours for the following funds:

  • BMO Precious Metals Fund – Series A: Best Mutual Fund in the Precious Metals Equity Space (over five years)
  • BMO Mid Corporate Bond Index ETF: Best Fund in the Canadian Fixed Income Space (over three years)
  • BMO Junior Gas Index ETF: Best Fund in the Energy Equity Space (over three years)

"We're honoured to be recognized by Lipper and take pride in being able to offer investors a comprehensive suite of products which span ETFs, mutual funds and managed solutions," said Kevin Gopaul, Senior Vice President and Chief Investment Officer, BMO Global Asset Management. "Our success is a testament to our team's ability to anticipate evolving investor needs and create funds that deliver strong and consistent results."

For more information please visit: www.bmo.com/gam/ca

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About BMO Financial Group

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of approximately $672 billion as of July 31, 2015, and more than 47,000 employees, BMO provides a broad range of retail 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.

BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and investment fund manager and separate legal entity from Bank of Montreal.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

BMO Mutual Funds refers to certain mutual funds and/or series of mutual funds offered by BMO Investments Inc. a financial services firm and separate legal entity from Bank of Montreal.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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.

The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

BMO Precious Metals (series A), was awarded the 2015 Lipper Fund Award in the Precious Metals Equity Fund category for the five year period ending July 31, 2015 out of a total of 11 funds. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 4 (3 years), 4 (5 years), N/A (10 years).

BMO Junior Gas Index ETF, was awarded the 2015 Lipper Fund Award in the Energy Equity Fund category for the three year period ending July 31, 2015 out of a total of 5 funds. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 4 (3 years), 4 (5 years), N/A (10 years).

BMO Mid Corporate Bond Index ETF, was awarded the 2015 Lipper Fund Award in the Canadian Fixed Income Fund category for the three year period ending July 31, 2015 out of a total of 12 funds. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 4 (3 years), 4 (5 years), N/A (10 years).

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