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 Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
The last two years has seen discussions about cloud computing evolve from the public / private / hybrid split to the reality that most enterprises will be creating a complex, multi-cloud strategy. Companies are wary of committing all of their resources to a single cloud, and instead are choosing to spread the risk – and the benefits – of cloud computing across multiple providers and internal infrastructures, as they follow their business needs. Will this approach be successful? How large is the ...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Elon Musk is among the notable industry figures who worries about the power of AI to destroy rather than help society. Mark Zuckerberg, on the other hand, embraces all that is going on. AI is most powerful when deployed across the vast networks being built for Internets of Things in the manufacturing, transportation and logistics, retail, healthcare, government and other sectors. Is AI transforming IoT for the good or the bad? Do we need to worry about its potential destructive power? Or will we...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...