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
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...