Company Directory - BMO Mutual Funds
Company Details - BMO Mutual Funds
BMO Mutual Funds
WebsiteToronto, Canada
BMO Mutual Funds refers to the range of mutual funds managed by BMO Investments Inc., providing various investment options tailored to meet the diverse needs of individual and institutional investors. These funds aim to grow investor wealth by investing in diversified portfolios across different asset classes.
CCI Score
CCI Score: BMO Mutual Funds
-9.14
Latest Event
BMO Mutual Funds' Political Contributions and Lobbying Disclosure
The article from OpenSecrets reveals campaign finance data for Bank of Montreal, indicating $549,377 in contributions and $830,000 in lobbying expenditures during the current election cycle. This data highlights the company's engagement in political financial activities.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
COLLABORATOR
BMO Mutual Funds is currently rated as a Collaborator.
Latest Events
- FEB062025
The article from OpenSecrets reveals campaign finance data for Bank of Montreal, indicating $549,377 in contributions and $830,000 in lobbying expenditures during the current election cycle. This data highlights the company's engagement in political financial activities.
-20
Political Contributions and Lobbying Efforts
April 16
The disclosed figures for campaign contributions and lobbying spending indicate that the company is actively using its financial resources to influence political processes. From an anti-fascist perspective, such corporate political financing raises concerns about the potential to support authoritarian policies or hinder progressive reforms.
- JAN142025
The US SEC charged BMO Capital Markets for failing to supervise its employees in the sale of misleading Agency CMO Bonds totaling $3 billion. As a result, BMO agreed to a $40 million settlement, drawing attention to widespread unethical business practices and structural issues in Canada's consolidated banking industry.
-90
Business Practices and Ethical Responsibility
April 16
BMO's misleading practices in marketing complex mortgage-backed securities represent a significant failure in ethical business practices. The misleading metrics provided to customers, and a lack of proper employee supervision, indicate deep-rooted issues in corporate governance.
US SEC Uncovers $3 Billion Bond Scandal In BMO, Issues $40M Fine
-70
Economic and Structural Influence
April 16
The scandal also exposes structural problems inherent in Canada’s banking sector. The concentration of power and the limited domestic regulatory oversight helped create an environment in which unethical practices could flourish.
US SEC Uncovers $3 Billion Bond Scandal In BMO, Issues $40M Fine
- JAN132025
BMO Capital Markets agreed to pay over $40 million to settle SEC charges for failing to supervise employees who provided misleading disclosures regarding the sale of mortgage-backed securities, known as 'sliver bonds', between December 2020 and May 2023.
-70
Business Practices and Ethical Responsibility
April 16
The SEC settlement stems from BMO Capital Markets' failure to supervise its employees adequately, resulting in misleading disclosures to investors regarding complex mortgage-backed securities. This lapse in internal controls and risk management practices significantly undermines ethical business practices and investor trust.
- NOV282024
BMO Global Asset Management, under the umbrella of BMO, detailed its responsible investment initiatives focused on human rights and the rights of Indigenous Peoples. The firm’s multi-year HRDD engagement campaign has involved extensive research, 85 engagements with issuers, and the promotion of policy changes that strengthen corporate respect for these rights across Canada.
+80
Labor Relations and Human Rights Practices
April 16
The article highlights BMO Global Asset Management's proactive efforts in integrating human rights due diligence (HRDD) and safeguarding Indigenous Peoples’ rights into its investment process. The extensive campaign, research, and direct engagements with issuers demonstrate a strong commitment to ethical business practices and social equality, which is a positive anti-authoritarian action supporting marginalized communities.
- JAN012023
OpenSecrets data indicates that BMO Financial Corp, which is associated with BMO Mutual Funds, raised $19,088 in PAC contributions during the 2023-2024 election cycle. The data also highlights the use of former governmental staffers in lobbying efforts, illustrating the company’s involvement in influencing U.S. policy through political channels.
-40
Political Contributions and Lobbying Efforts
April 16
BMO Financial Corp’s engagement in political contributions and associated lobbying efforts, as evidenced by their PAC raising $19,088, raises concerns about corporate influence in political processes. This involvement, even on a modest scale, can contribute to networks of influence that risk undermining democratic accountability and enabling authoritarian practices.
- JAN012023
BMO Global Asset Management’s Responsible Investment team released the report 'Respect and Protect: The state of human rights due diligence in Corporate Canada', outlining comprehensive practices for human rights risk assessments. The report, coming as new legislation like Bill S-211 is set to enforce rigorous due diligence, emphasizes the need for Canadian companies to map their value chains, engage stakeholders, and prevent abuses in supply chains.
+80
Labor Relations and Human Rights Practices
April 16
The report demonstrates a proactive and ethical approach to addressing human rights risks within supply chains and labor practices. By highlighting the necessity of comprehensive due diligence ahead of new laws, BMO GAM contributes positively by encouraging transparency and accountability, aligning with progressive, anti-authoritarian objectives that prioritize worker rights and the protection of marginalized communities.
As new laws approach, Canadian issuers can boost human rights due diligence practices
- JAN012020
During the 2019-2020 election cycle, BMO Financial Corp PAC contributed a total of $190,260 to federal candidates, with approximately $90,260 going to Democrats and $100,000 to Republicans. The marginally higher donation to Republican candidates raises questions about potential indirect support for authoritarian-leaning policies from a financial institution perspective.
-10
Political Contributions and Lobbying Efforts
April 16
The PAC contributions, while bipartisan, show a slight preference toward Republican candidates (52.56% compared to 47.44% for Democrats). From an anti-fascist perspective, any financial support that tilts, even marginally, toward parties and candidates whose policies may lean toward authoritarianism is concerning. This event warrants a negative score as it could indicate a subtle alignment with political forces that may undermine progressive and inclusive governance.
Alternatives
New York, United States
-42.82
Corporation
0.00
Corporation
-21.57
Corporation
-47.93
Toronto, Canada
10.33
London, United Kingdom
9.20
San Francisco, United States
3.67
Cleveland, USA
0.24
New York, United States
-12.46
Malvern, United States
-15.85
Industries
- 525910
- Open-End Investment Funds
- 523930
- Investment Advice
- 523920
- Portfolio Management