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Topic: How To Invest

BMO EQUITY FUND $31.63 – Toronto

BMO EQUITY FUND $31.63 (BMO Mutual Funds, 77 King Street West, Suite 4200, Royal Trust Tower, Toronto, Ont., M5K 1J5, 1-800-665-7700; Web site: No load — deal directly with the bank) (CWA Rating: Conservative) generally invests in the shares of 20 to 40 “blue-chip” Canadian companies. These stocks are selected based on the manager’s outlook for the industry they operate in, the earnings record of each company, the strength of management, and the potential for growth.

BMO Equity Fund’s 10 largest holdings are Manulife Financial, Suncor Energy, Royal Bank, TD Bank, Sun Life Financial, EnCana Corporation, Barrick Gold, CIBC, Bank of Nova Scotia and Telus.

The $2.2 billion fund currently holds 35.9% of its portfolio in the Financial services industry. Its next-largest holding is Energy at 20.0%.

Over the last 10 years, BMO Equity posted a 10.7% annual rate of return. That’s better than the S&P/TSX’s return of 10.0%. The fund gained 13.9% over the past year, compared to a gain of 17.3% for the S&P/TSX. BMO Equity’s MER is 2.30%.

BMO Equity Fund is a buy.

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