[Rox]

I'm not saying any such thing...you said you agree with the fact that if their holdings are more or less the same, the yield cannot be dramatically different - unless some form of Ponzi is going on.
Right? So I don't see the validity of your reasons for thumping BMO income fund specifically.
Let's look at the facts:

BMO Monthly Income Fund:
Inception Date: 1999
Return Since Inception: 5.74%
Fees: 1.49%
Top Holdings: TD Bank, Bank of Nova Scotia, CIBC, RBC,Enbridge,CNR,Province of Ontario 8.5% DEC/02/25,TransCanada Corp.,Goldcorp Inc., Suncor Energy

TD Monthly Income Fund (just to pick one among the other top 5 banks):
Inception Date: 1998
Return Since Inception: 8.3%
Fees: 1.40%
Top Holdings: RBC, Bank of Nova Scotia, CIBC, Toronto-Dominion Bank, Canadian Oil Sands Trust, Bank of Montreal, Suncor Energy Inc, Enbridge Inc, RioCan Real Estate Investment Trust

Based on the above, I do not see how BMO Income Fund is a stalwart compared to any other bank income fund.
In fact, just the TD one is close to 300 bps ahead in terms of annualized returns - that can add up to a lot over a period of say 20 years.

Harold,...

I appreciated this challenge, and your very factual arguments. To make things and our discussions productive, let me think about this, and I'll bounce it across my friends and fellow-immigrants too before I counter-comment...

Your comments are really helpful, I must say, and with so many of us waiting to port our funds to Canada, we must really learn hard and be able to know about where to put our money.

Thanks again, Sir,...

 

[Rox]

As a BMO shareholder i highly recommend everyone use BMO financial products.

Dear Bean, appreciated your comment too,.. but if you can furnish some stronger data, and make comparisons with, well, TD Bank, or for that matter, any other bank in Canada, it can be very helpful...

I'm sure you must have done some research earlier before you committed your funds to BMO.