BMO Financial Group
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BMO Financial Group

December 08, 2014 15:15 ET

BMO Investments Inc. Announces Portfolio Manager and Fund Name Changes

TORONTO, ONTARIO--(Marketwired - Dec. 8, 2014) - BMO Investments Inc. (BMOII) today announced changes to its mutual fund line-up.

Effective on or about February 6, 2015, Monegy, Inc. (Monegy) will assume portfolio manager duties for high yield bonds within the BMO Canadian Diversified Monthly Income Fund. The investment strategies of this fund will be changed to reflect Monegy's investment style.

"Monegy is a leading investment management firm with a proven track record in high yield investments; this change will align portfolio managers across our mutual fund offering," said Mark Raes, Head of Product, BMO Investments Inc.

In addition, effective on or about December 10, 2014, the name of each of BMO Target Enhanced Yield ETF Portfolio and BMO Target Yield ETF Portfolio will be changed to BMO Balanced Yield Plus ETF Portfolio and BMO Fixed Income Yield Plus ETF Portfolio, respectively. These name changes are being made to align the funds' name to their underlying investment themes more effectively.

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

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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.

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.

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