TORONTO, Aug. 3, 2021 /CNW/ - BMO Insurance is now
offering a suite of environmental, social and governance (ESG)
investment options for its Universal Life Insurance policyholders.
Recognizing the increased interest in responsible investing, BMO
Insurance's new ESG indexed accounts enable policyholders to align
their investment preferences with their values and sustainability
goals, while receiving the coverage and benefits of Universal Life
Insurance.
"The increased awareness of social, environmental and economic
issues over the past year have inspired many Canadians to take a
responsible approach to their investment portfolios and wealth
management, including insurance," said Daniel Walsh, SVP and Head, Individual Insurance
& Annuities, BMO Insurance. "Offering ESG indexed accounts
enables Canadians to enjoy the protection and assurance of life
insurance on their own terms by also linking the returns on their
policies to socially responsible companies that are consistent with
their values, goals and priorities."
Bridging Values, Protection and Performance
By balancing performance with protection, BMO Insurance's ESG
indexed accounts are designed with equity style returns, combined
with the benefits of universal life insurance and the tax-deferred
growth it offers. In addition to over 200 accounts currently
offered, BMO Insurance Universal Life Insurance policyholders can
select five new indexed accounts that are linked to the performance
of ESG funds managed by BMO Global Asset Management (BMO GAM). The
indexed accounts now available include:
- BMO Balanced ESG ETF (ZESG)
- BMO MSCI Canada ESG Leaders Index ETF (ESGA)
- BMO MSCI USA ESG Leaders Index
ETF (ESGY)
- BMO MSCI EAFE ESG Leaders Index ETF (ESGE)
- BMO Sustainable Opportunities Global Equity Fund
The ESG indexed accounts are available for any new or in force
Life Dimensions, Life Dimensions (Low Fees) or Wealth Dimensions
policy.
For more information on BMO Insurance's universal life
investment options, please visit bmoinvestpro.ca.
For more information on BMO GAM's ESG solutions, please visit
bmo.com/esg.
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of Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO
Asset Management Inc., BMO Investments Inc., BMO Asset Management
Corp., BMO Asset Management Limited and BMO's specialized
investment management firms.
Commissions, management fees and expenses (if applicable) may be
associated with investments in mutual funds and exchange traded
funds (ETFs). Trailing commissions may be associated with
investments in mutual funds. Please read the fund facts, ETF Facts
or prospectus of the relevant mutual fund or ETF before investing.
Mutual funds and ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in BMO Mutual Funds
or BMO ETFs, please see the specific risks set out in the
prospectus of the relevant mutual fund or ETF. BMO ETFs trade like
stocks, fluctuate in market value and may trade at a discount to
their net asset value, which may increase the risk of loss.
Distributions are not guaranteed and are subject to change and/or
elimination.
BMO Mutual Funds are offered by BMO Investments Inc., a
financial services firm and separate entity from Bank of
Montreal. BMO ETFs are managed and
administered by BMO Asset Management Inc., an investment fund
manager and portfolio manager and separate legal entity from Bank
of Montreal.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America.
With total assets of $950 billion as of April 30,
2021, and a team of diverse and highly engaged employees, BMO
provides a broad range of personal and commercial 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, BMO Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group