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BMO Announces Changes to Several Funds

By Andrew Rickard | October 29 2015 10:17AM

BMO Investments is lowering the fees of several funds and is changing the advisors, strategies, and names of others.

On or about Oct. 30, the management fees of the following BMO Investments funds will be reduced:

  • Series F securities of BMO Global Strategic Bond Fund from 0.65% to 0.45%
  • Series A and Advisor Series securities of BMO LifeStage Plus 2022 Fund from 2.00% to 1.65%
  • Series A and Advisor Series securities of BMO LifeStage Plus 2026 Fund from 2.25% to 2.15%
  • Series L securities of BMO Tactical Balanced ETF Fund from 0.30% to 0.25%

BMO Investments has also announced that BMO Asset Management Corp. will no longer act as sub-advisor of the BMO Canadian Tactical ETF Class and BMO Global Tactical ETF Class funds, although BMO Asset Management Inc. will remain as portfolio manager. In addition, the strategy of these two funds is changing and will now be focused on lower volatility securities.

Finally, on or about Nov. 16, 2015, the names of the two aforementioned ETFs will change to BMO Canadian Low Volatility ETF Class and BMO Global Low Volatility ETF Class respectively. BMO says it is making this change so that the names "align more closely with the revised strategies".

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