Latest news with #Growth

Cision Canada

5 days ago

Business
Cision Canada

BMO Announces Fund Launches and Changes to Certain BMO Mutual Funds Français

TORONTO, May 29, 2025 /CNW/ - BMO Investments Inc. (BMOII), the manager of the BMO Mutual Funds, today announced the following changes to its product offering: Fund Launches and Qualification of Series S Securities The following BMO Mutual Funds and series will be launched: 1 Series F, Series I and Advisor Series units of the Fund are not currently available for purchase. BMOII has applied for certain three-tier exemptive relief and will only make Series F, Series I and Advisor Series units of the Fund available for purchase if and when this relief is granted. Series S securities of BMO U.S. Small Cap Fund will be qualified. Risk Rating Changes Effective May 28, 2025, the risk rating of each of the following BMO Mutual Funds changed: Management Fee and Administration Fee Changes The following management fee and administration fee changes were effective after the close of business on May 28, 2025, except as noted otherwise. Fund Series Current Annual Management Fee New Annual Management Fee BMO Asian Growth and Income Fund A 2.25 % 1.95 % BMO Asian Growth and Income Fund Advisor 2.25 % 1.95 % BMO Asian Growth and Income Fund T6 2.25 % 1.95 % BMO Asset Allocation Fund A 1.75 % 1.45 % BMO Asset Allocation Fund Advisor 1.75 % 1.45 % BMO Asset Allocation Fund G 0.85 % 0.80 % BMO Asset Allocation Fund T6 1.75 % 1.45 % BMO Canadian Equity ETF Fund A 1 0.75 % 0.55 % BMO Canadian Equity ETF Fund F 1 0.20 % 0.05 % BMO Canadian Equity Fund A 2.00 % 1.50 % BMO Canadian Equity Fund Advisor 2.00 % 1.50 % BMO Canadian Small Cap Equity Fund A 2.00 % 1.60 % BMO Canadian Small Cap Equity Fund Advisor 2.00 % 1.60 % BMO Canadian Stock Selection Fund A 1.80 % 1.50 % BMO Canadian Stock Selection Fund Advisor 1.80 % 1.50 % BMO Core Bond Fund A 0.95 % 0.85 % BMO Core Bond Fund Advisor 0.95 % 0.85 % BMO Core Plus Bond Fund A 1.15 % 0.90 % BMO Core Plus Bond Fund Advisor 1.15 % 0.90 % BMO Core Plus Bond Fund G 0.75 % 0.65 % BMO Diversified Income Portfolio A 1.75 % 1.35 % BMO Diversified Income Portfolio Advisor 1.75 % 1.35 % BMO Diversified Income Portfolio T6 1.75 % 1.35 % BMO Dividend Fund G 1.00 % 0.85 % BMO Emerging Markets Bond Fund F 0.65 % 0.60 % BMO Emerging Markets Fund A 2.00 % 1.70 % BMO Emerging Markets Fund Advisor 2.00 % 1.70 % BMO Enterprise Fund Advisor 2.35 % 2.00 % BMO European Fund A 2.00 % 1.65 % BMO European Fund Advisor 2.00 % 1.65 % BMO Global Dividend Fund A 1.90 % 1.60 % BMO Global Dividend Fund Advisor 1.90 % 1.60 % BMO Global Dividend Fund T6 1.90 % 1.60 % BMO Global Small Cap Fund A 2.25 % 1.85 % BMO Global Small Cap Fund Advisor 2.25 % 1.85 % BMO Global Strategic Bond Fund A 1.75 % 1.20 % BMO Global Strategic Bond Fund Advisor 1.75 % 1.20 % BMO Growth & Income Fund Advisor 1.85 % 1.50 % BMO Growth & Income Fund T8 1.85 % 1.50 % BMO Growth Opportunities Fund A 1.80 % 1.55 % BMO Growth Opportunities Fund Advisor 1.80 % 1.55 % BMO International Equity ETF Fund A 1 0.85 % 0.70 % BMO International Equity ETF Fund F 1 0.30 % 0.20 % BMO International Value Fund A 1.90 % 1.75 % BMO International Value Fund Advisor 1.90 % 1.75 % BMO Money Market Fund A 2 0.60 % 0.32 % BMO Money Market Fund Advisor 2 0.60 % 0.32 % BMO Money Market Fund ETF 0.28 % 0.12 % BMO Money Market Fund F 2 0.20 % 0.12 % BMO Monthly High Income Fund II A 1.85 % 1.60 % BMO Monthly High Income Fund II Advisor 1.85 % 1.60 % BMO Monthly High Income Fund II T5 1.85 % 1.60 % BMO Monthly High Income Fund II T8 1.85 % 1.60 % BMO Monthly Income Fund G 0.90 % 0.85 % BMO Mortgage and Short-Term Income Fund A 3 1.25 % 0.92% 4 BMO Mortgage and Short-Term Income Fund Advisor 3 1.25 % 0.92% 4 BMO Mortgage and Short-Term Income Fund F 3 0.35 % 0.42% 4 BMO North American Dividend Fund A 2.00 % 1.50 % BMO North American Dividend Fund Advisor 2.00 % 1.50 % BMO North American Dividend Fund T6 2.00 % 1.50 % BMO Precious Metals Fund A 2.00 % 1.85 % BMO Precious Metals Fund Advisor 2.00 % 1.85 % BMO Resource Fund A 2.00 % 1.85 % BMO Resource Fund Advisor 2.00 % 1.85 % BMO SelectTrust® Fixed Income Portfolio A 1.70 % 1.20 % BMO SelectTrust® Fixed Income Portfolio Advisor 1.70 % 1.20 % BMO SelectTrust® Fixed Income Portfolio T6 1.70 % 1.20 % BMO Sustainable Global Balanced Fund A 1.70 % 1.60 % BMO Sustainable Global Balanced Fund Advisor 1.70 % 1.60 % BMO Tactical Balanced ETF Fund G 0.95 % 0.85 % BMO Tactical Dividend ETF Fund G 1.00 % 0.90 % BMO Tactical Global Asset Allocation ETF Fund F 0.65 % 0.55 % BMO Tactical Global Asset Allocation ETF Fund F4 0.65 % 0.55 % BMO Tactical Global Equity ETF Fund F 0.70 % 0.60 % BMO Tactical Global Equity ETF Fund F6 0.70 % 0.60 % BMO U.S. Dollar Balanced Fund A 1.55 % 1.50 % BMO U.S. Dollar Balanced Fund Advisor 1.55 % 1.50 % BMO U.S. Dollar Money Market Fund A 5 1.00 % 0.49 % BMO U.S. Dollar Money Market Fund Advisor 5 1.00 % 0.49 % BMO U.S. Dollar Money Market Fund F 5 0.80 % 0.29 % BMO U.S. Dollar Money Market Fund O 6 0.00 % 0.05% 4 BMO U.S. Dollar Monthly Income Fund A 1.85 % 1.50 % BMO U.S. Dollar Monthly Income Fund Advisor 1.85 % 1.50 % BMO U.S. Dollar Monthly Income Fund T5 1.85 % 1.50 % BMO U.S. Dollar Monthly Income Fund T6 1.85 % 1.50 % BMO U.S. Equity ETF Fund A 1 0.80 % 0.58 % BMO U.S. Equity ETF Fund F 1 0.25 % 0.08 % BMO U.S. Equity Fund A 2.00 % 1.50 % BMO U.S. Equity Fund A (Hedged) 2.00 % 1.50 % BMO U.S. Equity Fund Advisor 2.00 % 1.50 % BMO U.S. Equity Fund Advisor (Hedged) 2.00 % 1.50 % BMO U.S. Equity Plus Fund A 1.80 % 1.55 % BMO U.S. Equity Plus Fund Advisor 1.80 % 1.55 % BMO World Bond Fund A 1.75 % 0.95 % BMO World Bond Fund Advisor 1.75 % 0.95 % Notes 1 The fixed administration fee of 0.10% paid to BMOII by this Fund in respect of this series was eliminated. BMOII continues to be responsible for payment of the administration expenses for the Fund, other than the fund expenses which continue to be paid by the Fund directly. 2 The fixed administration fee of 0.08% paid to BMOII by this Fund in respect of this series was eliminated. BMOII continues to be responsible for payment of the administration expenses for the Fund, other than the fund expenses which continue to be paid by the Fund directly. 3 Effective September 1, 2025, the fixed administration fee of 0.17% paid to BMOII by this Fund in respect of this series will be eliminated. Following the change, BMOII will continue to be responsible for payment of the administration expenses for the Fund, other than the fund expenses which will continue to be paid by the Fund directly. 4 The management fee changes will be effective September 1, 2025. 5 The fixed administration fee of 0.15% paid to BMOII by this Fund in respect of this series was eliminated. BMOII continues to be responsible for payment of the administration expenses for the Fund, other than the fund expenses which continue to be paid by the Fund directly. 6 Effective September 1, 2025, the fixed administration fee of 0.15% paid to BMOII by this Fund in respect of this series will be eliminated. Following the change, BMOII will continue to be responsible for payment of the administration expenses for the Fund, other than the fund expenses which will continue to be paid by the Fund directly. For more information about the Funds, please visit Mutual Funds | BMO Global Asset Management ( "BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence. BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal. Commissions, management fees and expenses (if applicable) all may be associated with investments in mutual funds. Trailing commissions may be associated with investments in certain series of securities of mutual funds. Please read the fund facts or simplified prospectus of the relevant Fund before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Distributions are not guaranteed and are subject to change and/or elimination. For a summary of the risks of an investment in the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus. About BMO Financial Group BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

AICB Reaffirms Role In Shaping Future-Ready Bankers

Barnama

6 days ago

Business
Barnama

AICB Reaffirms Role In Shaping Future-Ready Bankers

BUSINESS AICB Chairman Tan Sri Azman Hashim receiving the Chartered Banker Institute, UK's Lifetime Achievement Award from CBI President Paul Denton at the 8th Chartered Banker Conferment 2025. Credit: AICB KUALA LUMPUR, May 29 (Bernama) -- The Asian Institute of Chartered Bankers (AICB) has reaffirmed the growing importance of nurturing future-ready and ethical banking and finance professionals, amid rising challenges in cybersecurity, data privacy, sustainable finance, and the accelerating pace of digital transformation and fintech. In a statement, AICB said it had recently held its 8th Chartered Banker Conferment Ceremony, honouring banking professionals who exemplify the highest standards of professional excellence and lifelong learning in an increasingly complex financial environment. The event was held under the theme 'Charting the Growth of Finance'. Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour, who delivered the special address at the ceremony, said Malaysia has made significant investments in developing talent for its financial sector. 'Over the years, we have built a comprehensive ecosystem of talent affiliates offering training, certification, and forward-looking guidance on the skills needed by the financial industry. 'I also wish to highlight the important role of financial institutions in complementing these efforts through their respective learning and development academies,' he said. While acknowledging that the financial services sector benefits from a strong talent development ecosystem, he stressed the need for more collective action to future-proof the workforce. AICB chairman Tan Sri Azman Hashim said he was deeply honoured by the recognition received at the event. 'This award reflects the collective progress we have made as an industry in championing ethical professionalism in banking.

RS Group (LON:RS1) Will Pay A Larger Dividend Than Last Year At £0.139

Yahoo

24-05-2025

Business
Yahoo

RS Group (LON:RS1) Will Pay A Larger Dividend Than Last Year At £0.139

The board of RS Group plc (LON:RS1) has announced that it will be increasing its dividend by 1.5% on the 25th of July to £0.139, up from last year's comparable payment of £0.137. This will take the annual payment to 4.0% of the stock price, which is above what most companies in the industry pay. We check all companies for important risks. See what we found for RS Group in our free report. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, RS Group was quite comfortably earning enough to cover the dividend. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth. The next year is set to see EPS grow by 45.8%. Assuming the dividend continues along recent trends, we think the payout ratio could be 51% by next year, which is in a pretty sustainable range. See our latest analysis for RS Group The company has an extended history of paying stable dividends. Since 2015, the annual payment back then was £0.118, compared to the most recent full-year payment of £0.224. This means that it has been growing its distributions at 6.7% per annum over that time. The growth of the dividend has been pretty reliable, so we think this can offer investors some nice additional income in their portfolio. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. However, initial appearances might be deceiving. Unfortunately, RS Group's earnings per share has been essentially flat over the past five years, which means the dividend may not be increased each year. Overall, this is a reasonable dividend, and it being raised is an added bonus. The earnings coverage is acceptable for now, but with earnings on the decline we would definitely keep an eye on the payout ratio. Taking all of this into consideration, the dividend looks viable moving forward, but investors should be mindful that the company has pushed the boundaries of sustainability in the past and may do so again. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Given that earnings are not growing, the dividend does not look nearly so attractive. Businesses can change though, and we think it would make sense to see what analysts are forecasting for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

RNZ News

23-05-2025

Business
RNZ News

Live: Christopher Luxon faces questions after Kiwisaver changes in Budget

The government's cuts, savings and new spending have been revealed in this year's Budget . Finance Minister Nicola Willis described her second Budget as 'No BS', while Prime Minister Christopher Luxon labelled it the 'Growth Budget'. Meanwhile the Labour party says it's being paid for by New Zealand women. Follow all the latest details, reactions and updates in our blog at the top of this page. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.