BMO Investments, a member of Canada-based BMO Financial Group has launched a new series of four mutual fund portfolios that invest primarily in exchange traded funds (ETFs), giving investors broader choice and greater access to the growing ETF market.

BMO has said that the new offering from BMO Mutual Funds consists of four strategically managed risk-differentiated portfolios. Each ETF mutual fund portfolio is a class of BMO Global Tax Advantage Funds, a mutual fund corporation, which allows for switching among the other BMO Global Tax Advantage Funds without incurring a taxable event.

These portfolios complement two previously introduced tactical ETF mutual fund portfolios launched in May.

According to the bank, BMO Mutual Funds ETF Portfolios includes, BMO Tactical ETF Mutual Fund Classes: BMO Canadian Tactical ETF Class and BMO Global Tactical ETF Class. BMO Strategic ETF Mutual Fund Portfolios: BMO Security ETF Portfolio, BMO Balanced ETF Portfolio, BMO Growth ETF Portfolio and BMO Aggressive Growth ETF Portfolio.

Serge Pepin, head of investments at BMO Investments, said: “With the ever growing popularity of ETFs, BMO has been looking at ways to make this investment vehicle available to a wider range of clients, through products offered directly in our BMO branches.

”These new portfolios allow retail investment clients access to this market, in a mutual fund structure they are familiar with, simply by coming in and talking to an investment professional. Essentially, investors can now get professionally managed exposure to ETFs, through an all-in-one, solution.”