Welcome!

News Feed Item

BMO Investments Inc. Announces Changes to its Mutual Fund Lineup

TORONTO, ONTARIO -- (Marketwired) -- 03/28/14 -- BMO Investments Inc. (BMOII) today announced changes to its BMO Mutual Funds lineup.

New Series D

Effective on or about April 3, 2014, BMOII will be offering a new discount Series D available only through BMO InvestorLine Inc. Thirty-three BMO Mutual Funds will offer this new Series D, including the BMO ETF Portfolios. Series D provides self-directed investors access to a full suite of professionally managed mutual funds at a lower cost.

Management Fee Reduction

Effective on or about April 3, 2014, BMOII is reducing Series F management fees across its mutual fund lineup, thereby providing access to lower cost mutual funds within fee-based accounts.

"Launching a new Series D and reducing our Series F fees across our mutual fund lineup demonstrates our commitment to providing investors effective solutions for the channel they choose and that best meets their investment needs," said Kevin Gopaul, Senior Vice President and Chief Investment Officer, BMO Asset Management Inc.

Capped Series

Effective after the close of business on April 3, 2014, the series of the following funds will be capped and will no longer be offered for sale to new or existing investors, including through Continuous Savings Plans:


--  Series R of BMO Monthly Income Fund, BMO Global Monthly Income Fund, BMO
    U.S. Dollar Monthly Income Fund and BMO Diversified Income Portfolio
--  Series I of BMO Security ETF Portfolio Class, BMO Balanced ETF Portfolio
    Class, BMO Growth ETF Portfolio Class, BMO Equity Growth ETF Portfolio
    Class, BMO U.S. Dollar Money Market Fund, BMO FundSelect® Security
    Portfolio, BMO FundSelect® Balanced Portfolio, BMO FundSelect®
    Growth Portfolio and BMO FundSelect® Equity Growth Portfolio
--  Series H of BMO LifeStage 2017 Class, BMO LifeStage 2020 Class, BMO
    LifeStage 2025 Class, BMO LifeStage 2030 Class, BMO LifeStage 2035 Class
    and BMO LifeStage 2040 Class

Changes to Investment Strategies

Effective April 4, 2014, the investment strategies of BMO Global Diversified Fund will change to allow this fund to invest up to 100 per cent of its assets in securities of other mutual funds and/or exchange traded funds.

Change of Portfolio Manager

Effective on or about June 13, 2014, Lazard Asset Management (Canada), Inc. will no longer act as portfolio manager for any portion of BMO U.S. Dollar Monthly Income Fund and will be replaced with BMO Asset Management Corp., Monegy, Inc. and Taplin, Canida & Habacht, LLC. There will be minor changes to the fund's investment strategies as a result of this portfolio manager change.

Risk Rating Changes

The risk rating for the following funds changed as set out below, effective immediately, to align better with these funds' risk levels.


Fund                                      Current Rating          New Rating
----------------------------------------------------------------------------

BMO U.S. Dollar Balanced Fund                     Medium       Low to Medium
------------------------------------
BMO U.S. Dollar Monthly Income Fund
------------------------------------
BMO Global Diversified Fund
----------------------------------------------------------------------------
BMO Global Absolute Return Fund           Medium to high              Medium
----------------------------------------------------------------------------
BMO Emerging Markets Fund                 Medium to high                High
----------------------------------------------------------------------------

These new risk ratings are not as a result of any changes to the investment objectives, strategies or portfolio management of these mandates.

For more information on BMO Mutual Funds, please visit www.bmo.com/mutualfunds.

About BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group (PCG). PCG, BMO Financial Group's wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth individuals and institutions, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $597 billion as at January 31, 2014.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

BMO Mutual Funds, which include classes of shares of BMO Global Tax Advantage Funds Inc., are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.

®Registered trade-marks of Bank of Montreal, used under license.

Contacts:
Media contacts:
Amanda Robinson, Toronto
(416) 867-3996
[email protected]

Ronald Monet, Montreal
514-877-1873
[email protected]

Laurie Grant, Vancouver
(604) 665-7596
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.