The BMO Women in Leadership Fund invests in North American companies that promote gender-diverse leadership.
To provide Canadians with more choice and the ability to align their investments more closely with their values, BMO Investments Inc. has launched Canada’s first impact investing mutual fund by a Canadian bank – BMO Women in Leadership Fund.
“BMO is proud to take a lead on impact investing in Canada – especially in support of a cause such as the advancement of women, which is such a big priority for our bank,” said Joanna Rotenberg, Head of Personal Wealth Management, BMO Financial Group. “An increasing number of investors are seeking both financial and social returns from their investments. By providing them with the opportunity to invest in organizations with a higher representation of women, we are giving those investors the ability to promote change by rewarding gender-diverse companies.”
Impact investing refers to building portfolios with the intention of creating a measurable, beneficial social or environmental impact alongside a financial return. The BMO Women in Leadership Fund offers investors the opportunity to align their investments with their personal principles to address a social challenge – the under-representation of women in corporate executive leadership. The Fund seeks to invest in North American companies that have a female CEO or a board of directors with at least 25 per cent female representation, referencing the Barclays Women in Leadership North America Index.
“This is a unique offering designed to provide investors with both financial and social value,” said Kevin Gopaul, Chief Investment Officer and Senior Vice-President, BMO Global Asset Management. “Research has shown that diverse leadership in companies translates into better results. Companies with gender-diverse boards tend to outperform those with no women on their boards and indices of companies with mixed-gender boards have outperformed benchmark indices.”
Ms. Rotenberg noted that BMO has a long history of championing the advancement of women in business and, with the introduction of this new fund, is now offering investors the opportunity to show their support.
BMO Mutual Funds are offered by BMO Investments Inc., a separate legal entity from Bank of Montreal.
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.