Harris Private Bank has launched a new investment vehicle specifically for the bank’s high net worth customers.

Harris Private Bank, part of Canada’s BMO Financial Group, has launched a new investment vehicle, Diversified Income Strategy, developed specifically for the bank’s high net worth customers.

Using proprietary analysis and market insight, the Diversified Income Strategy uses a blend of low correlation securities to provide both income and the potential for asset growth, while maintaining risk parameters that are usually seen in products with a capital preservation mandate, according to the company.

"We've created a new investment opportunity that offers the security of a blended basket with the income of a bond portfolio and the potential for asset growth," said Jack Ablin, chief investment officer at Harris Private Bank.

BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking.