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BMO Investments Inc.

April 03, 2012 15:11 ET

BMO Investments Inc. Announces Portfolio Management Change

TORONTO, ONTARIO--(Marketwire - April 3, 2012) - BMO Investments Inc. today announced that the portfolio manager for BMO Guardian Canadian Large Cap Equity Fund (the "Fund"), Guardian Capital LP, will change to BMO Asset Management Inc. ("BMOAM") effective on or about June 8, 2012.

The investment strategies of the Fund and of BMO Canadian Large Cap Equity Class, which invests primarily in units of the Fund, will be revised to describe the fundamentally-based quantitative model that will be used by BMOAM to select securities and to construct the portfolio for the Fund.

"The changes we're making enable BMO to offer clients a unique product that meets their investment needs by combining the strengths of quantitative and fundamental analysis to find the best opportunities in the market," said Hugh McKee, President and Chief Operating Officer of BMO Investments Inc.

About BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth and institutional, 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 $538 billion as at January 31, 2012.

About BMO Asset Management Inc.

BMO Asset Management Inc. is a Canadian institutional money manager with over $40 billion in total assets under management. Clients include pensions, endowments, trusts, insurance company reserves, corporate surpluses and mutual funds. Its approach to investing draws upon the entire resources of a stable, experienced management team whose philosophy is based on creating wealth while diversifying portfolio risk. BMO Asset Management Inc. is also a member of BMO Financial Group.

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