TORONTO, ONTARIO--(Marketwire - March 19, 2013) - BMO Investments Inc. today announced a change of portfolio management for BMO World Bond Fund.
BMO Asset Management Inc. ("BMOAM") will replace the current portfolio manager, Insight Investment Management (Global) Limited, and will assume all portfolio management duties in relation to BMO World Bond Fund. The investment strategies of BMO World Bond Fund will be changed to reflect the investment style of BMOAM. This change will be effective on or about April 26, 2013.
"This change will leverage the strengths we have built within BMO Asset Management over the past several years, through which we have broadened both the scope and depth of our global investment management capabilities," said Robert Bechard, Senior Vice-President and Head of Portfolio Management, BMO Asset Management Inc.
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's group of 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 $479 billion as at January 31, 2013.
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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BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.