BMO Financial Group

BMO Financial Group
BMO Investments Inc.

August 31, 2015 09:05 ET

BMO Investments Inc. Introduces New Retirement Portfolios to Help Meet the Needs of Canadian Retirees

- The portfolios have three different risk profiles and aim to help preserve and grow wealth in retirement

- Low-fee solution designed to provide downside protection against market volatility

- According to StatsCan, life expectancy in Canada has increased by 25 years since 1921

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2015) - BMO Investments Inc. (BMOII) has launched BMO Retirement Portfolios, a series of flexible and cost effective managed investment solutions designed to help those in or near retirement preserve and provide potential to grow their wealth.

The new portfolios have three different risk profiles - Income, Conservative and Balanced - for retirees depending on their specific needs. The portfolios provide exposure to globally diversified fixed income for capital protection and equity exposure and low volatility strategies to help reduce market risk for smoother returns and growth.

According to Statistics Canada, life expectancy at birth increased by 25 years between 1921 and 2011. Currently, the average life expectancy for men and women is 84 and 87, respectively1.

A study by BMO Global Asset Management found that one quarter of retired Canadians are surprised to find that their savings are not as sufficient as they thought they would be in retirement2.

"Retired Canadians have shifting investment needs. They are living longer and are spending more time in their retirement years; they will have to make their savings last longer. This can be a challenge during times of market volatility," said Robert Armstrong, Vice President and Head of Managed Solutions, BMO Global Asset Management. "Our new portfolios provide a streamlined solution; they focus on offering more consistent returns while providing capital protection and growth potential."

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1Statistics Canada, Catalogue 82-624-X, July 2014

2The survey was conducted by Pollara with an online sample of 1,300 Canadians, including 800 non-retirees aged 18-64 and 500 retirees of any age. The survey was conducted from November 12 to November 17, 2014.

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.

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.

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